This proposal would renew the authority of the School District, which expires with the 2024 tax levy, to levy up to 18.00 mills for general school district operating purposes on taxable property in the School District to the extent that such property is not exempt from such levy, restrict the levy on principal residences (owner occupied homes) to no more than 4.2801 mills and protect against the impact of future Headlee rollbacks of up to 3.0 mills, This authorization would allow the School District to continue to levy the statutory limit of 18.00 mills on non-homestead property (principally industrial and commercial real property and residential rental property) and to continue to levy on principal residence property (owner occupied homes) only that portion of the mills necessary to allow the School District to receive the full revenue per pupil foundation allowance permitted by the State. The School District estimates that it will levy not more than 2.0924 mills on personal residences (owner occupied homes) in 2024. Shall the limitation on the amount of taxes which may be imposed on taxable property in the South Lake Schools, County of Macomb, Michigan, be increased in the amount of 21 mills, with 18 mills being the maximum allowable levy ($18.00 per $1,000 of taxable value), to the extent such property is not statutorily exempt, and of which not more than 4.2801 mills may be imposed on principal residences, for twenty (20) years, the years 2025 to 2044, inclusive, to provide funds for operating expenses of the School District? This operating millage, if approved and levied, would provide estimated revenues to the School District of $5,328,630 during the 2025 calendar year, to be used for general operating purposes.