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Monday, 13 February 2012 18:37 |
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MAPS will be asking voters to approve of a 0.95 sinking fund millage for 3 years on May 8, 2012. This would generate about $475,000 per year for 3 years, for a total of approximately $1.4 million. This revenue would be used to replace the 45-year old roof on the current Kennedy Elementary (former middle school) and to tear down the condemned old school building next to the current Kennedy Elementary. Besides leaking, the roof on Kennedy Elementary needs structural work to bring it up to current codes. Besides being a community eyesore, we are concerned that the old building next to Kennedy will become a safety hazard to students if it is not demolished soon. None of the revenue generated from the sinking fund can be used for employee salaries and/or benefits. An average home in Manistee with a taxable value of $50,000 would be assessed $47.50 per year for three years, or about $3.95 per month. April 9th is the last day to register for the May 8th election. Please make sure that you are registered in the MAPS school district and please place May 8th on your calendar.
Our TaxCalc® program is available at: www.mytaxcalc.com/manistee
TaxCalc® estimates the after tax impact of millage backed proposals by considering the Michigan's homestead tax credit and the federal income tax deduction of property tax. Some Taxpayers may receive part of the property tax increase back in the form of an increased tax credit. TaxCalc® is an efficient tool for Taxpayers to obtain this valuable information. |
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Last Updated on Monday, 20 February 2012 19:43 |