Question 12 - Operating Millage Restoration Proposal

This proposal would restore and increase the limitation on the amount of taxes which may be levied by School District of the City of Pontiac for general operating purposes by 2.00 mills on all property, except principal residence and other property exempt by law. This authority, if approved and combined with the School District's other unexpired authorization, would allow the School District to continue to levy the statutory limit of 18.00 mills on all property, except principal residence and other property exempt by law, in the event of future Headlee rollbacks. Shall the limitation on the amount of taxes which may be imposed on all property, except principal residence and other property exempt by law in the School District of the City of Pontiac, County of Oakland, State of Michigan, be increased by 2 mills ($2.00 on each $1,000 of taxable value) for fifteen (15) years, the years 2022 to 2036, inclusive, to provide funds for operating expenses? This millage would raise an estimated $220,321 for the School District in the first year that it is levied.