Operating Millage Replacement Proposal - School District of the City of Hazel Park

This proposal would restore, replace and extend the authority of the School District to levy the statutory limit of 18 mills on non-homestead property (principally industrial and commercial real property and residential rental property) which currently expires with the School District’s 2020 tax levy and allow the School District to continue to levy the statutory limit of 18 mills on non-homestead property in the event of future Headlee rollbacks of up to 4 mills. The authorization will allow the School District to continue to receive revenues at the full per pupil foundation allowance permitted by the State. Under existing law, the School District will levy no more than 18 mills on nonhomestead property and owner occupied homes and qualified agricultural property are exempt from this levy. 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 School District of the City of Hazel Park, County of Oakland, State of Michigan, be increased, in the amount of 22 mills with 18 mills being the maximum allowable levy ($18.00 on each $1,000 of taxable valuation), for a period of twenty (20) years, being the years 2018 to 2037, inclusive with 17.5863 mills of the above 22 mills being a replacement of authorized millage which will otherwise expire on December 31, 2020 and 0.4137 mills being a restoration of millage lost as a result of the reduction required by the Michigan Constitution? This operating millage if approved and levied, would provide estimated revenues to the School District of Three Million Thirty Seven Thousand Three Hundred Seventeen ($3,037,317) Dollars during the 2018 calendar year, to be used for general operating purposes.