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2009 City Of Detroit Ballot Proposals

PROPOSAL N:
CITY OF DETROIT NEIGHBORHOOD REDEVELOPMENT AND ECONOMIC DEVELOPMENT PROGRAMS BONDING PROPOSAL
It would pay for the acquisition, construction, renovation or rehabilitation of city government facilities, costing $12.51 per year on a home with a taxable value of $100,00.
Do you favor the authorization and issuance of General Obligation Unlimited Tax Bonds, payable from taxes the City is allowed to levy in addition to state statutory and City Charter limits, in an amount necessary to pay the principal and interest thereon in the principal sum of an amount not to exceed Twenty-Five Million Dollars (25,000,000) over three years for the purpose if paying the cost of improvements to various neighborhood redevelopment and housing rehabilitation projects, and for the economic development projects? The estimated millage that will be levied per $1,000 of the taxable value of property located in the City to pay for the proposed bonds will be $0.1509 in the first year, which will raise in the first year an estimated amount of Three Million Dollars ($3,000,000), and the estimated simple average annual millage rate over the life of the bonds, which will not exceed 30 years from the date of insurance is .0893 mills ($.0893 per $1,000 of taxable value). If approved, this would be a renewal of a previously authorized millage.

PROPOSAL S:
CITY OF DETROIT PUBLIC SAFETY IMPROVEMENTS BONDING PROPOSAL

It would pay for the acquisition, construction, renovation or rehabilitation of public safety projects related to police, fire, and emergency medical services, costing $25.73 per year on a home with a taxable value of $100,00.
Do you favor the authorization and insurance of General Obligation Unlimited Tax Bonds, payable from the taxes the City is allowed to levy in addition the state statutory and City Charter limits, in an amount necessary to pay the principal and interest thereon in the principal sum of an amount not to exceed Seventy-Two Million Dollars ($72,000,000) over three years for the purpose of paying the cost of acquisition, construction, renovation, or rehabilitation of public safety projects related to Police, Fire, Emergency Medical Services (EMS), Health facilities and other municipal facilities public safety improvements? The estimated levied per $1,000 of the taxable value of property located in the City to pay for the proposed bonds will be $0.4346 in the first year, which will raise in the first year an estimated amount of $9 million, and the estimated simple average annual mileage rate over the life of the bonds, which will not exceed 30 years from the date of issuance, is .2573 mills ($0.2573 per $1,000 of taxable value). If approved, this would be a renewal of a previously authorized millage.

PROPOSAL L:
CITY OF DETROIT PUBLIC LIGHTING SERVICE BONDING PROPOSAL

It would pay for improving street lighting, costing $7.86 per year on a home with a taxable value of $100,00
Do you favor the authorization and issuance of General Obligation Unlimited Tax Bonds, payable from taxes the City is allowed to levy in addition to state statutory and City Charter limits, in an amount necessary to pay the principal and interest thereon in the principal sum of an amount not to exceed $22 million over three years for the purpose of paying the cost of improving street and alley lighting, emergency communications, service extensions, and improvements required to supply light and power? The estimated millage that will be levied per $1,000 of the taxable value of property located in the City to pay for the proposed bonds will be $0.1328 in first year, which will raise in the first year an estimated amount of $7 million and the estimated simple average annual millage rate over the life of the bonds, which will not exceed 30 years from the date of issuance, is .0786 mills ($0.0786 per $1,000 of taxable value). If approved, this would be a renewal of a previously authorized millage.

PROPOSAL C
CITY OF DETROIT MUSEUMS, LIBRARIES, AND RECREATION AND OTHER CULTURAL FACILITIES BONDING PROPOSAL

It would pay for the acquisition, construction, renovation, or rehabilitation of city museums, libraries, recreation and other cultural institutions, costing $34.66 per year on a home with a taxable value of $100,00.
Do you favor the authorization and issuance of General Obligation Unlimited Tax Bonds, payable from taxes the City is allowed to levy in addition to state statutory and City Charter limits, in an amount necessary to pay the principal and interest thereon in the principal sum of an amount not to exceed $97 million over three years for the purpose of paying the cost of acquisition, construction, renovation, or rehabilitation of City of Detroit Museums, Detroit Public Library Facilities, Recreation, and other Cultural facilities? The estimated millage that will be levied per $1,000 of the taxable value of property located in the City to pay for the proposed bonds will be $.5855 in the first year, which will raise in the first year and estimated amount of $23 million, and the estimated simple average annual millage rate over the life of the bonds, which will not exceed 30 yrs from the date of issuance, is 0.3466 mills ($0.3466 per $1,000 of taxable value). If approved, this would be a renewal of a previously authorized millage.

PROPOSAL M
CITY OF DETROIT MUNICIPAL FACILITIES BONDING PROPOSAL

It would pay for the acquisition, construction, renovation, or rehabilitation of city government facilities, costing $12.51 per year on a home with a taxable value of $100,00.
Do you favor the authorization and issuance of General Obligation Unlimited Tax Bonds, payable from taxes the City is allowed to levy in addition to state statutory and City Charter limits, in an amount necessary to pay the principal sum of an amount not to exceed $35 million over three years for the purpose of paying the cost of acquisition, construction, renovation or rehabilitation of Detroit municipal facilities? The estimated millage that will be levied per $1,000 of the taxable value of property located in the City to pay for the proposed bonds will be $0.2113 in the first year, which will raise in the first year an estimated amount of $5 million, and the estimated simple average annual millage rate over the life of the bonds, which will not exceed 30 years from the date of issuance, is 0.1251 mills ($0.1251 per $1,000 of taxable value). If approved, this would be a renewal of a previously authorized millage,

PROPOSAL T
CITY OF DETROIT TRANSPORTATION FACILITIES BONDING PROPOSAL

It would pay for the acquisition, construction, renovation or rehabilitation of transportation facilities, costing $4.29 per year on a home with a taxable value of $100,000.
Do you favor the authorization and issuance of General Obligation Unlimited Tax Bonds, payable from taxes the City is allowed to levy in addition to state statutory and City Charter limits, in an amount necessary to pay the principal and interest thereon in the principal sum of an amount not to exceed $12 million over three years for the purpose of paying the cost of acquisition, construction, renovation, or rehabilitation of Detroit transportation facilities? The estimated millage that will be levied per $1,000 of the taxable value of property located in the City to pay for the proposed bonds will be .0724 in the first year, which will raise in the first year an estimated amount of $3 million and the estimated simple average annual millage rate over the life of the bonds, which will not exceed 30 years from the date of issuance, is .0429 mills ($.0429 per $1,000 of taxable value). If approved, this would be a renewal of a previously authorized millage.

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