Ballot Proposal 1 - Ballot Proposal 1

It is proposed that Section 9.1 of the Charter of the Village of Beverly Hills be amended to read as follows: Power to Tax: The Village shall have the power to levy and collect taxes for municipal purposes. The general ad valorem tax levy shall not exceed 12.9184 mills, times the taxable value of all real and personal property, subject to taxation in the Village, exclusive of any levies authorized by general statute to be made beyond Charter tax limitations, for a period of ten (10) years 2021 to 2031 inclusive. This 12.9184 millage authorization shall include the following components specifically dedicated to the operation of the Village: a) 9.9 mills for public safety/police/fire operations; b) 1.88 mills for general administrative purposes; c) 0.8184 mills for Baldwin Public Library services; d) 0.32 mills for capital park improvements/replacements for village wide parks. It is estimated that the renewal of 9.9 mills for public safety/police/fire will raise approximately $6,288,904.00 when first levied in 2021; It is estimated that the reduction of the prior millage for general administrative purposes to 1.88 mills will raise approximately $1,194,238.00 when first levied in 2021; It is estimated that the reduction of the prior millage for Baldwin Public Library services to 0.8184 will raise approximately $519,874.00 when first levied in 2021; and It is estimated a new park millage for capital park improvements/replacements for village wide parks will raise approximately $203,274.00 when first levied in 2021. Upon expiration of this renewed millage on June 30, 2031, the maximum allowed under Charter millage rate will revert to 11.00 mills for municipal purposes. Shall this amendment be adopted?