Cheboygan Area Schools Sinking Fund Millage Replacement
This proposal will allow the school district to replace the building and site sinking fund millage previously approved by the electors. Shall the limitation on the amount of taxes which may be assessed against all property in Cheboygan Area Schools, Cheboygan and Presque Isle Counties, Michigan, be increased by and the board of education be authorized to levy not to exceed .5603 mill ($0.5603 on each $1,000 of taxable valuation) for a period of 10 years, 2027 to 2036, inclusive, to replace the previously approved sinking fund millage with a sinking fund millage for the purchase of real estate for sites for, and the construction or repair of, school buildings; for school security improvements; for the acquisition or upgrading or technology; for the acquisition of student transportation vehicles; for the acquisition of parts, supplies, and equipment used for the maintenance of student transportation vehicles; for the acquisition of eligible trucks and vans used to carry parts, equipment, and personnel for or in the maintenance of school buildings; for the acquisition of parts, supplies, and equipment used to maintain such trucks and vans; and all other purposes authorized by law; the estimate of the revenue the school district will collect if the millage is approve and levied in 2027 is approximately $503,636 (this is a replacement of millage that expires with the 2027 tax levy)? Cheboygan Area Schools Operating Millage Proposal This proposal will allow the school district 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 revenue per pupil foundation allowance. Shall the limitation on the amount of taxes which may be assessed against all property, except principal residence and other property exempted by law, in Cheboygan Area Schools, Cheboygan and Presque Isle Counties, Michigan, be increased by 2.3411 mills ($2.3411 on each $1,000 of taxable valuation) for a period of 2 years, 2027 and 2028, to provide funds for operating purposes; the estimate of the revenue the school district will collect if the millage is approved and levied in 2027 is approximately $156,319 (this millage is to restore millage lost as a result of the reduction required by the Michigan Constitution of 1963 and will be levied only to the extent necessary to restore that reduction)?
