Vote YES for
Millington Schools
CAN MILLINGTON AFFORD TO START ITS OWN PUBLIC SCHOOLS?
Yes. Tennessee laws require that taxes
collected for schools must “follow the children.” In fact, the feasibility
study projects that approximately 94% of the funding needed to operate a
municipal school district comparable to our current system would come from
county and state funds. We are already
paying these taxes to fund the current school system. The remainder of the
budget would be met with the new Millington sales tax voted in during 2012.*
WHY DOES THE REFERENDUM QUESTION MENTION A 15-CENT PROPERTY TAX?
Tennessee law requires municipalities that operate school
systems to invest in school operations an amount at least equal to 15 cents on the
property tax rate each year. The law doesn’t require the revenue to actually
come from property taxes. For Millington, that equates to approximately $240K
annually. The recent half-cent sales tax increase is generating approximately
$1.2M annually. Therefore, the sales tax currently meets this burden although
the wording about property tax must remain on the ballot to satisfy state law
requirements.
I don’t have kids in school, why should I vote YES?
The quality of local
schools strongly affects property values.** All Millington residents have an
investment in quality schools. “Of all
the local neighborhood amenities that can influence a buyer's decision to
purchase a home, proximity to good quality schools is one of the most
influential.” –National Association of Realtors
Where and When Can I Vote?
Tuesday, July 16, 2013
Millington Municipal Schools Referendum – Special Election
Early Voting –Saturday, June
29, 2013 10:00 AM to 4:00 PM Saturday
Baker Community Center – 7942
Church Street
Voter Registration Deadline – Monday, June 17,
2013
** Do Schools Really Affect Property Values? by Ken Corsini on April 6, 2011 http://www.biggerpockets.com/renewsblog/2011/04/06/school-districts-real-estate-prices/
Research Schools Before Buying a Home http://activerain.com/blogsview/1940744/research-schools-before-buying-a-home
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