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Franklin Schools levy
Proposed Tax Levy (Substitute) Franklin City School District A majority affirmative vote is necessary for passage. Shall a tax levy substituting for existing levies be imposed by the Franklin City School District, for the purpose of providing for the necessary requirements of the school district in the initial sum of $7,178,894, and a levy of taxes be made outside of the ten‐mill limitation estimated by the county auditor to require 15.89 mills for each one dollar of valuation, which amounts to $1.589 for each one hundred dollars of valuation for the initial year of t he tax, for a period of 5 years, commencing in 2018, first due in calendar year 2019, with the sum of such tax to increase only if and as new land or real property improvements not previously taxed by the school district are added to its tax list? If approved, any remaining tax years on any of the two existing levies will not be collected after 2018.
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