Shall Van Buren Public Schools, Counties of Wayne and Washtenaw, State of Michigan, create a sinking fund for the purpose of construction or repair of school buildings and the improvement and development of sites and for any other purpose which may be authorized by law, and be authorized to levy not to exceed 1.13 mills ($1.13 on each $1,000 of taxable valuation) for a period of seven (7) years, 2009 to 2015 inclusive, therefor, the amount of such levy not to exceed 1.13 mills when combined with the 1998 sinking fund levy originally approved by the voters for 1.30 mills? The approved 1998 sinking fund levy is currently 1.26 mills, as reduced by the Michigan Constitution of 1963. If the voters approve this proposition, the 1998 sinking fund will be reduced from 1.26 mills to a levy not to exceed 1.13 mills. It is estimated that the revenue the school district will collect if the millage is approved and levied in the 2009 calendar year shall be approximately $2,232,157 from the local taxes authorized in this proposal.