Manistee Area Schools
Bylaws & Policies
 

6180 - TRUTH IN TAXATION

It is the intent of the Board of Education to comply with the provisions concerning truth in taxation as set forth in Act 5, Public Acts of Michigan, 1982, as amended, being Section 211.24(e) of the Michigan Compiled Laws.

The law states, in part, that a Board shall not levy ad valorem property taxes for operating purposes for the ensuing fiscal year which yields an amount more than the sum of the taxes levied at the base tax rate on additions within the School District for the ensuing fiscal year plus an amount equal to the taxes levied for operating purposes for the concluding fiscal year on existing property.

When the Board seeks an additional millage rate, as occurs when the State Equalized Valuation (SEV) increases, it shall:

 A.adopt a resolution to establish the proposed additional millage rate, to set a public hearing date, and to authorize publication of the notice of public hearing;

 B.publish notice of the hearing at least six (6) days before the hearing date in a newspaper of general circulation in the District. The notice must meet all the requirements of the Truth in Taxation Act. In addition, the notice must be sent to all newspapers of general circulation within the District;

 C.conduct a public hearing for the purpose of receiving testimony and providing discussion of the additional millage rate;

 D.adopt a resolution, if the Board so chooses, to approve the additional millage rate. The resolution must be adopted within ten (10) days from the date of the public hearing. The additional millage rate shall not be greater than the proposed millage rate which was published in the notice of the hearing.

M.C.L.A. 15.261 et seq., 211.24(e)

Revised 12/13/93