This proposal renews .9250 mill of building and site sinking fund millage previously approved by the voters that will expire with the 2016 levy.
Shall the currently authorized millage rate limitation on the amount of taxes which may be assessed against all property in Chelsea School District, Washtenaw and Jackson Counties, Michigan, be renewed by .9250 mill ($0.9250 on each $1,000 of taxable valuation) for a period of 10 years, 2017 to 2026, inclusive, to continue to provide for a sinking fund for the construction or repair of school buildings, acquisition of 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 2017 is approximately $792,000?