Please VOTE Tuesday, March 8th, 2016
18 Mill Non-homestead Millage Renewal
On the March 8, 2016 presidential primary election, the Swan Valley School District will have a proposal on the ballot. The proposal is for the renewal of the 18 mills used to support the Swan Valley Schools. The last renewal was approved in December of 2012 and expires at the end of 2016. This renewal will levy this millage for the next four years (through 2020). The non-homestead tax is levied on business and commercial property as well as rental homes and second homes. The 18 mills provides the Swan Valley School District with $1,086,719 which is nearly 7% of the total revenue received by the district.
The ballot language/question will read as follows:
This proposal will allow the school district to continue to levy the statutory rate of 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 and renews millage that will expire with the 2016 tax levy.
Shall the currently authorized millage rate limitation of 18 mills ($18.00 on each $1,000 of taxable valuation) on the amount of taxes which may be assessed against all property, except principal residence and other property exempted by law, in Swan Valley School District, Saginaw County, Michigan, be renewed for a period of 4 years, 2017 to 2020, inclusive, to provide funds for operating purposes; the estimate of the revenue the school district will collect if the millage is approved and levied in 2017 is approximately $1,086,719 (this is a renewal of millage which will expire with the 2016 tax levy)?
If you have any questions regarding this ballot proposal, please contact Superintendent Mat McRae @ 989-921-3701.