This proposal renews millage rates that will expire with the 2013 and 2014 tax levies, respectively, and will allow the school district to continue to levy the statutory rate of 18 mills on all property, except principal residence and other property exempted by law, required for the school district to receive its full revenue per pupil foundation allowance. The remaining 1.5126 mills are only available to restore millage lost as a result of any "Headlee rollback" required by the Michigan Constitution of 1963 and will only be levied to the extent necessary to restore that reduction to be able to continue to levy 18 mills.
Shall the current authorized millage rate limitation of 19.5126 mills ($19.5126 on each $1,000 of taxable valuation) on the amount of taxes which may be assessed against all property, except principal residence and other property exempted by law, in Chelsea School District, Washtenaw and Jackson Counties, Michigan, of which 16.7786 mills be renewed for a period of 7 years, 2014 to 2020, inclusive, and 2.8340 mills be renewed for a period of 6 years, 2015 to 2020, inclusive, to provide funds for operating purposes; the estimate of the revenue the school district will collect in the first year, if the millage is approved and levied, is approximately $3,500,000 (this is a renewal of millage rates which will expire with the 2013 and 2014 tax levies, respectively)?