Saginaw Intermediate School District Area Career and Technical Education Millage Proposal

This proposal will allow the intermediate school district to continue to levy millage previously approved by the electors for area career and technical education programs and restores millage lost as a result of the reduction required by the Michigan Constitution of 1963. Shall the currently authorized millage rate limitation of .9962 mill ($0.9962 on each $1,000 of taxable valuation) on the amount of taxes which may be assessed against all property in Saginaw Intermediate School District, Michigan, to provide funds for area career and technical education programs, be renewed for a period of 10 years, 2028 to 2037, inclusive; and also be increased by .0038 mill ($0.0038 on each $1,000 of taxable valuation) for a period of 10 years, 2028 to 2037, inclusive, the estimate of the revenue the intermediate school district will collect if the millage is approved and levied in 2028 is approximately $7,082,354 from local property taxes authorized herein (this is a renewal of millage that will expire with the 2027 tax levy and a restoration of millage lost as a result of the reduction required by the Michigan Constitution of 1963)?