West Bloomfield School Sinking Fund Levy Addition (November 2012)
This measure seeks to implement a sinking fund levy set at a rate of $1.50 per $1,000 of assessed value for a ten year period in order to help pay for repair projects at the schools. Officials noted that they did not want to ask for another bond for the school as the district is already in debt with previous bond measures. Though there is still outstanding money from a previous bond, the money cannot be used to make repairs of school facilities.
Text of measure
Language on the ballot:
|“|| This proposition, if approved by the electors, will allow the West Bloomfield School District to levy a building and site sinking fund millage, the proceeds of which will be used to make infrastructure improvements and repairs to the School District’s facilities. Pursuant to State Law, the expenditure of the building and site sinking fund millage proceeds must be audited, and the proceeds cannot be used for teacher, administrator or employee salaries, maintenance or other operating expenses.
Shall the West Bloomfield School District be authorized to levy one and one-half (1.50) mills ($1.50 per $1,000 of taxable valuation), for a period of ten (10) years, from July 1, 2013 through June 30, 2023, to create a building and site sinking fund for the purpose of construction or repair of school buildings or any other purpose authorized under Michigan law? This millage would provide estimated revenues to the West Bloomfield School District of approximately Two Million Four Hundred Fifty Two Thousand One Hundred Eleven ($2,452,111) Dollars during the 2013 calendar year, if approved and levied.