Petoskey School District Sinking Fund Levy Renewal (May 2012)
This measure was approved
- YES 1,529 (70.98%)
- NO 625 (29.02%)
This measure sought to renew the current sinking fund levy which is set at a rate of $1.31 per $1,000 of assessed property for a further seven years in order to continue to pay for building and construction projects in the school 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 Public Schools of Petoskey, Emmet and Charlevoix Counties, Michigan, be increased by and the board of education be authorized to levy not to exceed 1.3193 mills ($1.3193 on each $1,000 of taxable valuation) for a period of 7 years, 2012 to 2018, inclusive to continue to provide for a sinking fund for the purchase of real estate for sites for, and the construction or repair of, school buildings and all other purposes authorized by law; the estimate of the revenue the school district will collect if the millage is approved and levied in 2012 is approximately $1,798,000?|