Imlay City Community Schools Operating Millage Renewal Proposal

This proposal will allow the school district to continue to levy the statutory rate of not to exceed 17.8304 mills on all property, except principal residence and other property exempted by law, required for the school district to receive its revenue per pupil foundation allowance and renews millage that will expire with the 2027 tax levy. Shall the currently authorized millage rate limitation of 17.8304 mills ($17.8304 on each $1,000 of taxable valuation) on the amount of taxes which may be assessed against all property, except principal residence and other property exempted by law, in Imlay City Community Schools, Lapeer County, Michigan, be renewed for a period of 4 years, 2028 to 2031, inclusive, to provide funds for operating purposes; the estimate of the revenue the school district will collect if the millage is approved and 17.8304 mills are levied in 2028 is approximately $2,880,000 (this is a renewal of millage that will expire with the 2027 tax levy)?