In addition to the six statewide proposals on the Nov. 6 ballot, there will be two local proposals for City of Brighton residents and residents residing in the Brighton Area School District to weigh in on.
The City of Brighton will seek to pass a $5.6 million bond for community improvement and infrastructure, while Brighton Area Schoools will ask voters to approve the renewal of its 18 mills levied on nonhomestead properties, which includes businesses and second homes.
CITY OF BRIGHTON COMMUNITY IMPROVEMENT AND INFRASTRUCTURE BOND PROPOSAL
Shall the City of Brighton, Michigan, borrow the principal sum of not to exceed Five Million Six Hundred Ninety Thousand Dollars ($5,690,000) in one or more series payable in not to exceed twenty (20) years from the date of issue, and issue its general obligation unlimited tax bonds for the purpose of paying part of the cost to acquire, construct, furnish and equip residential street improvements, including curb and gutter improvements, neighborhood infrastructure improvements, sidewalk improvements, police equipment and camera monitoring systems, together with all necessary appurtenances and attachments? The estimated millage to be levied in 2013 is 0.4820 mills ($0.48 per $1,000 of taxable value) and the estimated simple average annual millage rate required to retire the bonds is 1.1233 mills ($1.12 per $1,000 of taxable value).
BRIGHTON AREA SCHOOLS OPERATING MILLAGE RENEWAL PROPOSAL
This proposal will allow the school district 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 2013 tax levy. Shall the currently authorized millage rate limitation of 18.693 mills ($18.693 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 Brighton Area Schools, Livingston County, Michigan, be renewed for a period of 19 years, 2014 to 2032, 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 2014 is approximately $9,933,112 (this is a renewal of millage which will expire with the 2013 tax levy, and will only be levied to the extent necessary for the district to receive its full per pupil foundation allowance)?