FLINT — The Genesee Opportunity (GO) proposal will appear before voters in the election scheduled for Aug. 2.
If voters approve 1/4 mill (.25 mill) for 20 years, every Genesee County graduating senior, beginning with the Class of 2016, would receive a one-time jump start stipend toward the first year of further education and training. Voter approval would provide approximately $2.3 million annually for the program. The impact of a .25 mill increase equates to 25¢ in taxes for every $1,000 in taxable value. Examples of cost to homeowners in Genesee County:
$250,000 house/$125,000 in taxable value
$31.25 per year/$2.61 per month/9¢ per day
$100,000 house/$50,000 in taxable value
$12.50 per year/$1.05 per month/4¢ per day
$75,000 house/$37,500 in taxable
$9.38 per year/$.78 per month/3¢ per day
All students who live in, and attend a high school in, Genesee County are eligible to receive the GO stipend, regardless of family income level. The stipend can help offset tuition and mandatory training costs/certification testing; and is paid directly to qualifying training entities, both in-state and out-of-state. Students are eligible to receive the one-time GO stipend for up to one year after high school graduation.
Following is the ballot language that represents the Genesee Opportunity proposal:
OPERATING MILLAGE PROPOSAL
Shall the limitation on the amount of taxes which may be assessed against all taxable property in Genesee Intermediate School District be increased by .25 mills ($.25 on each $1,000 of taxable value) for twenty (20) years, calendar years 2016 to 2035, inclusive, for the purpose of providing funds for lifelong education, adult education, community education, training, and enrichment, and for other operating purposes, in Genesee Intermediate School District?
Details: Visit www.geneseego.org for more information about the proposal.