Saranac Community School District Tax Levy Renewal Proposal (November 2012)
|Sarana Community School District Tax Prop.|
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 18.2497 mills ($18.2497 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 Saranac Community Schools, Ionia County, Michigan, be renewed for a period of 10 years, 2014 to 2023, 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 $703,857 (this is a renewal of millage which will expire with the 2013 tax levy)?
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