Oscoda School District Operating Tax Levy Renewal Proposal (November 2012)
|Oscoda School District Tax Question|
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 and renews millage that will expire with the 2013 tax levy.
Shall the currently authorized millage rate limitation of 19.1731 mills ($19.1731 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 Oscoda Area Schools, Iosco and Alcona Counties, Michigan, be renewed for a period of 19 years, 2014 to 2032, 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 $5,924,757 (this is a renewal of millage which will expire with the 2013 tax levy and will only be levied to the extent necessary for the district to receive its full per pupil foundation allowance)?
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