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Ovid-Elsie School District Sinking And Building Fund Levy Proposal (November 2012)

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A Ovid-Elsie School District Sinking And Building Fund Levy proposal is on the November 6, 2012 election ballot in Saginaw County, which is in Michigan.

If approved, this proposal authorizes Ovid-Elsie School District to increase property taxes by 1 mill ($1 per 1,000 of assessed valuation) for 5 years in order to create a sinking fund for construction and repair of school buildings. The estimated first year revenue from this tax is $251,400.[1]


Text of measure

Language on the ballot:

This text is quoted verbatim from the original source. Any inconsistencies are attributed to the original source.

Shall the limitation on the amount of taxes which may be assessed against all property in Ovid-Elsie Area Schools, Clinton, Shiawassee, Saginaw and Gratiot Counties, Michigan, be increased by and the board of education be authorized to levy not to exceed 1 mill ($1.00 on each $1,000 of taxable valuation) for a period of 5 years, 2012 to 2016, inclusive, to create a sinking fund for 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 2012 is approximately $251,400? [1]


See also


References