Caro School District Sinking Fund Levy Increase (May 2012)
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A Caro School District Sinking Fund Levy Increase measure was on the May 8, 2012 ballot in the Caro school district area which is in Tuscola County.
This measure was defeated
- YES 403
- NO 548
[1]
This measure sought to increase the current school levy by a rate of $.80 per $1,000 of assessed value for a period of seven years in order to further pay for the school sinking fund which pays for construction and repair of school buildings int he district.[2]
Text of measure
The question on the ballot:
| Shall the limitation on the amount of taxes which may be assessed against all property in Caro Community Schools, Tuscola County, Michigan, be increased by and the board of education be authorized to levy not to exceed .80 mill ($0.80 on each $1,000 of taxable valuation) for a period of 7 years, 2012 to 2018, inclusive, to create a sinking fund for the construction or repair of school buildings; acquisition of property for school sites; 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 $230,000?[3] |
Footnotes
- ↑ Tuscola Today, "Sinking fund fails," May 9, 2012
- ↑ Michigan Secretary of State, Public Ballot
- ↑ Note: This text is quoted verbatim from the original source. Any inconsistencies are attributable to the original source.
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