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Voters in the Swartz Creek School District will be asked
to approve a renewal of a 1.8 mill building and site
sinking fund tax levy during a special election on
Tuesday, May 4, 2010.
At
its regular meeting on December 9, 2009, the Swartz
Creek Board of Education approved a resolution
establishing the special election and the ballot
question.
The
renewal, for 20 years, is needed to continue to provide
for a sinking fund for maintenance, improvements and
repairs of school buildings, explained Swartz Creek
Superintendent Dr. Jeff Pratt. The current levy
expires December 31, 2010.
"This is not a new tax and it will not increase property
taxes homeowners are paying now," Dr. Pratt said.
If approved by the voters, it is estimated that the
millage will provide $1.8 million in revenue for the
school district in 2011.
The
average age of academic buildings in the school district
is about 46 years. "The building and site levy
provides the needed funds to help maintain the
structural integrity of our buildings," Dr. Pratt added.
For
a home with a market value of $100,000 the taxable value
should be
approximately $50,000, so a homeowner is paying $90.50
per year for the Sinking Fund, or about 25 cents a day.
The levy, which the community has renewed for the past
30 years, cannot and will not be used for salaries and
supplies. |