Ovid-Elsie School District Levy Proposal (November 2012)
If approved, this proposal authorizes the Ovid-Elsie School District to increase property taxes by 0.5306 mills ($0.5306 per $1,000 of assessed valuation) for 2 years in order to fund operating purposes. The estimated first year revenue from this tax is $18,633.
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 Ovid-Elsie Area Schools, Clinton, Shiawassee, Saginaw and Gratiot Counties, Michigan, be increased by 0.5306 mill ($0.5306 on each $1,000 of taxable valuation) for a period of 2 years, 2012 and 2013, to provide funds for operating purposes; the estimate of the revenue the school district will collect if the millage is approved and levied in 2012 is approximately $18,633 (this millage is to restore millage lost as a result of the reduction required by the Michigan Constitution of 1963)?