Ferndale Public Schools: non-homestead operating millage replacement (18 mills, 20 years)

The question, as printed on the ballot

State of Michigan This proposal, if approved by the electors, would, replace, restore and extend the authority of the School District to levy the statutory limit of 18 mills on all property, except principal residences and other property exempted by law, which currently expires with the School District’s 2035 tax levy and allow the School District to continue to levy the statutory limit of 18 mills in the event of future Headlee rollbacks required by the Michigan Constitution of up to 2 mills. The authorization will allow the School District to continue to receive revenues at the full per pupil foundation allowance permitted by the State.Shall the limitation on the total amount of taxes which may be assessed against all property, except principal residences and other property exempted by law, situated within the Ferndale Public Schools, County of Oakland, State of Michigan, be increased, in the amount of 20 mills with 18 mills being the maximum allowable levy ($18.00 on each $1,000 of taxable valuation), for a period of twenty (20) years, 2027 to 2046, inclusive, with 16.3262 mills of the above 20 mills being a replacement of authorized millage which will otherwise expire with the 2035 tax levy and 1.6738 mills being a restoration of previously authorized millage lost as a result of the rollbacks required by the Michigan Constitution? This operating millage if approved and levied, would provide estimated revenues to the School District of $6,742,038 during the 2027 calendar year, to be used for general operating purposes.