In June of this year, the North Central Michigan College Board of Trustees unanimously approved placing a millage renewal on the November 8 general election ballot.
What is the purpose of the ballot proposal?
The purpose of the ballot proposal is to ask voters to continue the financial support they approved in 2006 by renewing their current property tax levy of 0.9946 mill, which has been essential for funding College operations, for a period of ten years. The College IS NOT requesting a restoration of the one mill.
This property tax millage generates 16.8 percent of the College’s operating budget, and will account for revenues of $2,720,000 during the 2016-17 school year.
Current Emmet County property tax bills contain three North Central Michigan College levies, one of which expires this year:
a charter levy of 1.1071 mill for operation not requiring renewal,
a 0.2679 mill for the Student and Community Resource Center which expires this year (2016), and
the 0.9946 mill renewal that will be the subject of the November election.
What does this mean to taxpayers?
The elimination of the 0.2679 SCRC levy, combined with a request for only a 0.9946 mill renewal, has a positive taxpayer outcome.
- A home with a taxable value of $100,000 has been paying $126.25 per year.
- If the millage passes, this same home will be paying $99.46 or $26.70 less per year.
Remember: This is a renewal of a previously approved millage, NOT a new tax.