This millage will (1) allow the school district to levy not more than the statutory rate of 18.0000 mills on all property except homestead property as required for the school district to continue to receive its full per pupil foundation allowance and (2) provide an additional 2.0000 mills in the event of future Headlee rollbacks to continue to allow the school district to receive the full foundation allowance permitted by the state.
Shall the limitation on the amount of taxes which may be assessed against all taxable property, except principal residence and other homestead property as defined by law, in Van Buren Public Schools, Counties of Wayne and Washtenaw, State of Michigan, be increased to 20.0000 mills ($20.00 on each $1,000 of taxable value) for eight (8) years, calendar years 2017 to 2024, inclusive? It is estimated that the revenue the school district will collect if the millage is approved and 18.0000 mills are levied in the 2017 calendar year will be approximately $9,091,374 from the local taxes authorized in this proposal. Revenues will be disbursed to Van Buren Public Schools for the purpose of providing funds for the operating expenses of the District.