Michigan City Area Schools - School Operation Tax Levy

SHALL THE MICHIGAN CITY AREA SCHOOLS INCREASE PROPERTY TAXES PAID TO THE SCHOOL CORPORATION FOR NO MORE THAN EIGHT (8) YEARS TO SUPPORT THE MAXIMIZE COMMUNITY AND STUDENTS (MCAS) INITIATIVE WHICH WILL SUSTAIN EDUCATIONAL AND OPERATIONAL FUNDING STABILITY IN RESPONSE TO REDUCTIONS IN PROPERTY TAX REVENUE BY RECRUITING AND RETAINING TEACHERS AND STAFF, SUPPORTING ESSENTIAL STUDENT HEALTH AND SAFETY INITIATIVES, AND MAINTAINING CLASS SIZES, ACADEMIC PROGRAMS, AND OPPORTUNITIES TO MEET EDUCATIONAL NEEDS. THIS WILL BE ACHIEVED BY IMPOSING A PROPERTY TAX RATE THAT DOES NOT EXCEED $0.2998 AND RESULTS IN A MAXIMUM ANNUAL AMOUNT THAT DOES NOT EXCEED $0.2998 AND RESULTS IN A MAXIMUM ANNUAL AMOUNT THAT DOES NOT EXCEED $10,000,000. IF THIS OPERATING REFERENDUM PUBLIC QUESTIONS IS APPROVED BY THE VOTERS, THE PROPERTY'S ANNUAL PROPERTY TAX BILL FOR A MEDIAN RESIDENCE OF $200,000 WOULD INCREASE BY $260 PER YEAR.