Gladstone Area School District Tax Levy Renewal Proposal (February 2013)
This measure authorized the Gladstone Area School District to renew and restore a tax levy limitations increase of 18 mills ($18 per $1,000 of assessed valuation) and levy taxes in that amount for nine years in order to fund the operations of the District. 17.5669 mills of this tax is a renewal of a previously authorized tax levy while the remaining 0.4331 mill is a restoration of millage lost in 1963. The estimated first year revenue from this tax is $1,097,402.
|Gladstone Area SD Tax Prop.|
Election results from Delta County February 26, 2013 election results.
Text of measure
Language on the ballot:
|“||This proposal will allow the school district to levy the statutory rate of 18 mills on all property, except principal residence and other property exempted by law, required for the school district to receive its revenue per pupil foundation allowance.
Shall the limitation on the amount of taxes which may be assessed against all property, except principal residence and other property exempted by law, in Gladstone Area Schools, Delta County, Michigan, be increased by 18 mills ($18.00 on each $1,000 of taxable valuation) for a period of 9 years, 2014 to 2022, inclusive, to provide funds for operating purposes (17.5669 mills of the above is a renewal of millage which will expire with the 2013 tax levy and .4331 mill is a restoration of millage lost as a result of the reduction required by the Michigan Constitution of 1963); the estimate of the revenue the school district will collect if the millage is approved and levied in 2014 is approximately $1,097,402?
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