Question 6: Sinking Fund Millage Replacement Proposal

This proposal will allow the school district to replace the building and site sinking fund millage previously approved by the electors.
Shall the limitation on the amount of taxes which may be assessed against all property in Cheboygan Area Schools, Cheboygan and Presque Isle Counties, Michigan, be
increase by and the board of education be authorized to levy not to exceed .5603 mill ($0.5603 on each $1,000 of taxable valuation) for a period of 10 years, 2027-2036,
inclusive, to replace the previously approve sinking fund millage with a sinking fund millage for the purchase of real estate for sites for, and the construction or repair of,
school buildings; for school security improvements; for the acquisition of parts, supplies, and equipment used for the maintenance of student transportation vehicles; for the
acquisition of eligible trucks and vans used to carry parts, equipment, and personnel for or in the maintenance of school buildings; for acquisition of parts, supplies, and
equipment used to maintain such trucks and vans; and all other purposes authorized by
law; the estimate of the revenue the school district will collect if the millage is approved
and levied in 2027 is approximately $503,636 (this is a replacement of millage that
expires with the 2027 tax levy)?