Van Buren District Library Millage Renewal - Millage Replacement Proposal

This proposal, if approved by the electors, would, replace, restore and extend the authority of the School District to levy the statutory limit of 18 mills on all property, except principal residences and other property exempted by law, which currently expires with the School District's 2026 tax levy and allow the School District to continue to levy the statutory limit of 18 mills in the event of future Headlee rollbacks required by the Michigan Constitution of up to 3 mills. The authorization will allow the School District to continue to receive revenues at the full per pupil foundation allowance permitted by the State. Shall the limitation on the total amount of taxes which may be assessed against all property, except principal residences and other property exempted by law, situated within the Oxford Community Schools, Counties of Oakland and Lapeer, State of Michigan, be increased, in the amount of 21 mills with 18 mills being the maximum allowable levy ($18.00 on each $1,000 of taxable valuation), for a period of ten (10) years, 2025 to 2034, inclusive with 17.3155 mills of the above 21 mills being a replacement of authorized millage which will otherwise expire with the 2026 tax levy and 0.6845 mills being a restoration of previously authorized millage lost as a result of the rollbacks required by the Michigan Constitution? This operating millage if approved and levied, would provide estimated revenues to the School District of $252,288 during the 2025 calendar year, to be used for general operating purposes.