- Associated Press - Thursday, October 20, 2016

LANSING, Mich. (AP) - The Michigan Legislature has voted to let schools use special local taxes to upgrades their security and technology.

The bill sent to Gov. Rick Snyder by the Senate Thursday affects ‘sinking fund’ millages - local property taxes that fund major repairs and renovations to school buildings.

The taxes are currently assessed by 173 of Michigan’s 544 school districts.

The legislation would expand allowable uses to include school security improvements and technology. But it also would lower the maximum allowable tax rate to 3 mills from 5 mills when new sinking fund millages are approved by voters.

The bill also caps the length of new sinking fund millages, from 20 years to 10 years.



House Bill 4388: https://bit.ly/2exf3Nv

Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times is switching its third-party commenting system from Disqus to Spot.IM. You will need to either create an account with Spot.im or if you wish to use your Disqus account look under the Conversation for the link "Have a Disqus Account?". Please read our Comment Policy before commenting.


Click to Read More

Click to Hide