Sinking Fund Renewal
A 10 year renewal of .9837 mills ($0.9837 on each $1,000 of taxable valuation). Sinking Fund dollars may only be utilized for construction or repair of school buildings, site improvements, and with the newly amended law, school security improvements and the acquisition and upgrading of technology. This generates approximately $850,000 annually for Mona Shores Schools.
Operating/Non-Homestead Millage Renewal
A 10 year renewal of 18.9544 mills ($18.9544 on each $1,000 of taxable valuation) on all properties except principal residence. The Non-Homestead or Operating Millage Renewal is part of Michigan’s foundation allowance to Mona Shores Schools, which accounts for the majority of its budget. This tax levy does not apply to a family’s primary residence.
Countywide Enhancement Millage Renewal
A 10 year renewal of a regional enhancement property tax for 0.9831 mill for ten (10) years, 2024 to 2033. This renewal will fund School Resource Officers, security cameras, updated technology for students, and other safety initiatives. This generates about $800,000 annually for Mona Shores Schools.