Mt. Morris Consolidated Schools Operating Millage Renewal Proposition Exempting Principal Residence and Other Homestead Property

This millage will allow the school district to continue to levy not more than the statutory rate of 18.0000 mills on all property except homestead property and other property exempt by law as required for the school district to continue to receive its full per pupil foundation allowance. Shall the 19.4116 mill limitation, as reduced by operation of the Headlee Amendment, on the amount of taxes which may be assessed against all taxable property, except principal residence and other homestead property as defined by law, in Mt. Morris Consolidated Schools, County of Genesee, State of Michigan, be renewed and increased to 19.9116 mills ($19.9116 on each $1,000 of taxable value) for ten (10) years, calendar years 2026 to 2035, inclusive, to provide in part the funds to operate and maintain the school system? It is estimated that the revenue the school district will collect if the millage is approved and 18.0000 mills are levied in the 2026 calendar year will be approximately $2,644,095 from the local taxes authorized in this proposal. Revenues will be disbursed to Mt. Morris Consolidated Schools to provide funds for the operating expenses of the District.