Pontiac City Tax Limit Increase Amendment Proposal (November 2012)
If approved, this proposal would have amended Article V, Chapter 2, Section 5.205 to increase the limit on property tax by $6.50 per $1,000 of assessed taxable valuation to pay for retiree health insurance.
|Pontiac City Tax Limit Prop.|
Election results from Oakland County Election Results
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 Article V, Chapter 2, Section 5.205, entitled Tax Limits of the City of Pontiac Charter be amended to add additional $6.50 on each $1,000 of taxable valuation that may be levied for paying the cost of health insurance of retirees? A property with taxable value of $25,000 would be taxed $162.50 for the millage. The estimated amount that will be collected in the first year that the millage is authorized and levied is $5,091,000.||”|