This proposal 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 revenue per pupil foundation allowance.
Shall the limitation on the amount of taxes which may be assessed against all property, except principal residence and other property exempted by law, in Stockbridge Community Schools, Ingham, Jackson, Livingston, and Washtenaw Counties, Michigan, be increased by 23.4258 mills ($23.4258 on each $1,000 of taxable valuation) for a period of 5 years, 2010 to 2014, inclusive, to provide funds for operating purposes; the estimate of the revenue the school district will collect if the millage is approved and levied in 2010 is approximately $1,908,207 (this is a renewal of millage which expired with the 2009 tax levy)?