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2013 House Bill 4387: Authorize 5-mill "sinking fund" property tax for school buses and computers
Introduced by Rep. Hugh Crawford R-Novi on March 7, 2013
To allow school districts to use a “sinking fund” property tax to buy or fix school buses, and to buy computers and software. Under current law, schools may levy up to 5 mills for 20 years for a “sinking fund,” which is a permanent fund that may only be used only for the purchase of land, or construction and (major) repair of school buildings. Note: Since the 1994 Proposal A initiative prohibited the legislature from authorizing new property tax millages to pay for regular school operating expenses without a 3/4 majority vote in the House and Senate, it is likely this bill would require that supermajority.   Official Text and Analysis.
Referred to the House Tax Policy Committee on March 7, 2013