Ovid-Elsie Area School District Tax Levy Renewal Proposal (February 2013)
If approved, this measure authorizes the school district of Ovid-Elsie Area to renew and restore a property tax levy limitations increase of 17.9694 mills ($17.9694 per $1,000 of assessed valuation) and levy taxes in that amount for eleven years in order to fund the operations of the District. 17.4694 mills of this tax is a renewal of a previously authorized tax while the remaining 0.5 mill is a restoration of tax millage lost in 1963. The estimated first year revenue from this tax is $638,242.
Text of measure
Language on the ballot:
|“||This proposal will allow the school district to levy the statutory millage 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 Ovid-Elsie Area Schools, Clinton, Shiawassee, Saginaw and Gratiot Counties, Michigan, be increased by 17.9694 mills ($17.9694 on each $1,000 of taxable valuation) for a period of 11 years, 2014 to 2024, inclusive, to provide funds for operating purposes (17.4694 mills of the above is a renewal of millage which will expire with the 2013 tax levy and 0.5000 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 $638,242?
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- Note: This text is quoted verbatim from the original source. Any inconsistencies are attributed to the original source.
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