North Dickinson School District Sinking Fund Levy Renewal (February 2012)
This measure was approved
- YES 328 (59.85%)
- NO 220 (40.15%)
This measure sought to renew the current sinking fund levy which is set at a rate of $2.00 per $1,000 of assessed property value for a further ten years in order to continue to pay for the school sinking fund which goes towards construct and repair school buildings in the district.
Text of measure
The question on the ballot:
|Shall the limitation on the amount of taxes which may be assessed against all property in North Dickinson County School District No. 3, Dickinson County, Michigan, be increased by and the board of education be authorized to levy 2 mills ($2.00 on each $1,000 of taxable valuation) for a period of 10 years, 2013 to 2022, inclusive, to continue to provide for a sinking fund to be used for the purchase of real estate for sites for, and the construction or repair of, school buildings and all other purposes authorized by law (at the time of the election, 1.9645 mills of the above is a renewal of millage for sinking fund purposes which will expire with 2012 tax levy and 0.0355 mill is a restoration of millage lost as a result of the “Headlee” reduction); the estimate of the revenue the school district will collect if the millage is approved and levied in 2013 is approximately $225,000?|