Holton Public School District Levy Renewal Proposal (November 2012)
If approved, this proposal authorizes the Holton Public School District to renew a property tax levy of 19.4462 mills ($19.4462 per $1,000 of assessed valuation) for 5 years in order to fund operating costs for the District. The estimated first year revenue from this tax is $805,000.
Text of measure
Language on the ballot:
|“||This proposal will allow the school district to continue 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. The remaining 1.4462 mills is only available to be levied to restore millage lost as a result of the reduction required by the "Headlee" amendment to the Michigan Constitution of 1963 and will only be levied to the extent necessary to restore that reduction.
Shall the currently authorized millage rate limitation of 19.4462 mills ($19.4462 on each $1,000 of taxable valuation) on the amount of taxes which may be assessed against all property, except principal residence and other property exempted by law, in Holton Public Schools, Muskegon, Oceana and Newaygo Counties, Michigan, be renewed for a period of 5 years, 2014 to 2018, inclusive, to provide funds for operating purposes; the estimate of the revenue the school district will collect if the millage is approved and levied in 2014 is approximately $805,000 (this is a renewal of millage which will expire with the 2013 tax levy)?
- Muskegon County Elections, Ballot Information
- Note: This text is quoted verbatim from the original source. Any inconsistencies are attributed to the original source.
State of Michigan
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