The following proposal would continue and extend the authority (last approved by the voters in 2004 and which expires with the 2009 levy) for the School District to levy a sinking fund millage. This proposal would also restore the prior authorization, which was rolled back through application of the Headlee Amendment to the Michigan Constitution to .9861 mill, to 1.00 mill, and would allow the use of the proceeds of the millage to purchase school buses, furnishings, equipment and technology equipment, to the extent permitted by law.
Shall the Public Schools of the City of Ann Arbor, County of Washtenaw, Michigan, be authorized to levy 1.00 mill to create a sinking fund for the purpose of the construction or repair of school buildings and the purchase, improvement and development of sites and, to the extent permitted by law, the purchase of school buses, furnishings and equipment, including instructional technology equipment, by increasing the limitation on the amount of taxes which may be imposed on the taxable value of taxable property in the School District for a period of five (5) years, being the years 2010 to 2014, inclusive? It is estimated that 1.00 mill ($1.00 per $1,000 of taxable valuation) would raise approximately $8,503,000 in the first year that it is levied. (Under state law, sinking fund proceeds may not be used to pay teacher or administrator salaries.)