Madison School District Sinking Fund Tax Levy Proposal (May 2013)
This measure authorized the Madison School District to increase its property taxes by 0.2874 mill ($0.2874 per $1,000 of assessed valuation) for 3 years in order to provide for a sinking fund for real estate purchases and construction repair and maintenance needs of the district. The estimated first year revenue from this tax increase is $51,000.
|Madison School Tax Proposal|
Text of measure
Language on the ballot:
|“||Shall the limitation on the amount of taxes which may be assessed against all property in Madison School District, Lenawee County, Michigan, be increased by and the board of education be authorized to levy not to exceed 0.2874 mill ($0.2874 on each $1,000 of taxable valuation) for a period of 3 years, 2013,2014, and 2015, to further 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 2013 is approximately $51,000?||”|
- Michigan SoS Public Ballot Search
- Note: This text is quoted verbatim from the original source. Any inconsistencies are attributed to the original source.
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