Boyne Falls Public School Operating Millage Proposal

This proposal will allow the school district to continue to levy the statutory rate of not to exceed 18 mills on all property, except principal residence and other property exempted by law. The remaining 4 mills are only available to be levied to restore millage lost as a reduction required by the Michigan Constitution of 1963 and will only be levied to the extent necessary to restore that reduction. Shall the limitation on the amount of taxes which may be assessed against all property, except principal residence and other property exempted by law, in Boyne Falls Public School, Charlevoix and Antrim Counties, Michigan, be increased by 22 mills ($22.00 on each $1,000 of taxable valuation) for a period of 12 years, 2026 to 2037, inclusive, to provide funds for operating purposes; the estimate of the revenue the school district will collect if the millage is approved and 18 mills are levied in 2026 is approximately $3,552,662?