Question 16 - Martin Public Schools Operating Millage Renewal Proposal

This proposal will allow the school district to continue to levy the statutory rate of not to exceed 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 and restores millage lost as a result of the reduction required by the Michigan Constitution of 1963. Shall the currently authorized millage rate limitation on the amount of taxes which may be assessed against all property, except principal residence and other property exempted by law, in Martin Public Schools, Allegan and Barry Counties, Michigan, be renewed by 18.1117 mills ($18.1117 on each $1,000 of taxable valuation) for a period of 4 years, 2027 to 2030, inclusive, and also be increased by.5 mill ($0.50 on each $1,000 of taxable valuation) for a period of 4 years, 2027 to 2030, inclusive, to provide funds for operating purposes; the estimate of the revenue the school district will collect if the millage is approved and 18 mills are levied in 2027 is approximately $925,958 (this is a renewal of millage that will expire with the 2026 levy and a restoration of millage lost as a result of the reduction required by the Michigan Constitution of 1963)?