How much funding do two mills generate?
The amount generated by an enhancement millage depends on the taxable valuation of the property within the intermediate school district (ISD). Given the economic times, estimating the taxable valuation, and thereby the funding generated by the millage, is difficult. After taking into consideration the reduction in taxable valuation due to the sale of the Pfizer property, as well as the overall 2.2% reduction in taxable home values, it is estimated that a 2-mill enhancement millage would generate approximately $30 million/year for county schools. Since the passing of Proposal A in 1994, school funding has dropped by 6 mills. With the addition of 2 mills, taxpayers will actually pay less then they were paying in 2002. 9. Along with the Ann Arbor Public Schools, these districts will also receive funding from this regional millage. The school districts of Chelsea, Dexter, Lincoln, Manchester, Milan, Saline, Whitmore Lake, Willow Run and Ypsilanti would all receive funding from an enhanceme
