Bridgeport-Spaulding Community School District Proposal I: operating millage (non-homestead)

The question, as printed on the ballot

This proposal will allow the school district to levy the statutory rate of not to exceed 18 mills on all property, except principal residence and other property exempted by law, required for the school district to receive its full revenue per pupil foundation allowance and restores millage lost as a result of the reduction required by the Michigan Constitution of 1963. Shall the currently authorized millage rate limitation on the amount of taxes which may be assessed against all property, except principal residence and other property exempted by law, in Bridgeport-Spaulding Community School District, Saginaw County, Michigan, be renewed by 17.7470 mills ($17.7470 on each $1,000 of taxable valuation) for a period of 10 years, 2027 to 2036, inclusive, and also be increased by 0.2530 mill ($0.2530 on each $1,000 of taxable valuation) for a period of 10 years, 2027 to 2036, inclusive, for a total of 18 mills, to provide funds for operating purposes; the estimate of the revenue the school district will collect if the millage is approved and 18 mills are levied in 2027 is approximately $2,900,000 (this is a renewal of millage that will expire with the 2026 levy and a restoration of millage lost as a result of the reduction required by the Michigan Constitution of 1963)?