On the Ballot: Troy Schools Operating Millage

On the Ballot: Troy Schools Operating Millage

Troy, MI –

Voters in the Troy School District will see an operating millage on the Nov. 6 ballot.  Ballot language is as follows:

Troy School District County of Oakland State of Michigan Replacement Operating Millage

This proposal would restore and replace 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 2025 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  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.  Under existing law, the School District will levy no more than 18 mills on non -homestead property.

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 Troy School District, County  of Oakland, 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  eight  (8)  years,  2018  to  2025,   inclusive with 17.684 mills of the above 21 mills being a replacement of authorized millage which will otherwise expire on December 31, 2025  and 0.316 mills of the above 21 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  $22,644,260  during  the  2018   calendar year, to be used for general operating purposes.

More information can be found at https://www.troy.k12.mi.us/apps/news/article/922398

Election Day is Nov. 6, 2018.

Find more information on ballot proposals and candidates at Oakland County Clerk’s website, and Oakland County Times Election Page.

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