Renewal vs Replacement
The poster above posed these questions:
?“Can a levy be renewed and not increase the current millage being collected? [And] Would the above example be a replacement levy??”
Given my knowledge of how these things work, I?’ll take a stab at answering this.
By definition, the scenario above is a RENEWAL. When you renew an existing school levy, you renew it at its EFFECTIVE millage rate. For the existing 5-mill levy, the effective millage is currently 2.8 mills ?– or about $2.8 million.
A REPLACEMENT is everything else. Either new millage or a rollback. Issue 3 was a rollback ?– meaning, if approved the new levy (5 mills) would ?“roll back?” the millage to what was originally approved in 1993 (5 mills).
Confusing? YEP. But it?’s the law. Regardless of how little sense it makes.
I hope this helps.