Stephenson Area Public School District Sinking fund Tax Levy Proposal (May 2013)
If approved, this measure authorizes the Stephenson Area Public School District to increase its property taxes by 0.92 mill ($0.92 per $1,000 of assessed valuation) for 5 years in order to create a sinking fund to provide for the construction, repair and maintenance needs of the district.
Text of measure
Language on the ballot:
|“||Shall the limitation on the amount of taxes which may be assessed against all property in Stephenson Area Public Schools, Menominee County, Michigan, be increased by and the board of education be authorized to levy not to exceed .92 mill ($0.92 on each $1,000 of taxable valuation) for a period of 5 years, 2013 to 2017, 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 2013 is approximately $181,837?||”|
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