FLINT TWP. — Carman- Ainsworth Schools will be asking voters to renew two millages and an increase in the May 7, 2012 general election.
Last week, the board of education approved two resolutions to set “matters to be voted on” for ten-year renewals of an 18 mill non-homestead operating millage and a 0.5 mills sinking fund millage. Both millages expire in June 2013 and were previously approved for the taxable years of 2004-2013.
Additionally, the district will ask voters to approve an additional 0.5 millage for the sinking fund for a total 1.0 millage.
Terms of the proposed millage renewals and increase will be from calendar years 2014 through 2023.
The resolutions state that the board considers it in the best interests of education to propose the millage renewals.
The operating millage renewal will allow the school district to continue levying not more than the statutory rate of 18 mills on all property except principal residences and qualified agricultural property. Eighteen mills equates to $18 for each $1,000 of taxable value., according to the resolution. The funds would be used to help maintain and operate the school system and estimated to generate about $5.5 million in local taxes.
The sinking fund millage renewal and increase is for purposes such as purchasing real estate and construction and repair of school buildings.
Both the 0.5 mill renewal and the 0.5 mill proposed increase would each amount to 50 cents per $1,000 of taxable value and each is estimated to bring in about $350,000 in revenue.
Carman-Ainsworth is facing increasingly severe budget shortfalls as property values and student enrollment have declined while operating expenses increase.