As the August special election nears 7&4 News wanted to give you a breakdown of the Northwestern Michigan College operating millage you will see on the ballot next Tuesday.
NMC is asking voters to pass a .4 operating millage.
The millage has been reduced in recent years by a Headlee Amendment.
The Headlee Amendment requires a millage to be reduced as property value growth exceeds the rate of inflation.
In the past 10 years property values in Grand Traverse County have gone up and as a result the millage has been rolled back.
The proposed operating millage will return NMC's funding back to the original 2.57 mills.
The college said they decided to spend the money to put the issue on the special election ballot because of how the money is collected.
"If we did August and it was successful we would be able to claim or be able to collect the taxes for 2013," said Andy Dolan, NMC Executive Director of Public Relations & Marketing.
Dolan said the millage would help cover operation costs and also expand programs.
Because of a state law, Dolan says they cannot get into specifics about how the money will be divided, but operations costs include equipment for programs, the upkeep of buildings, faculty and staff salary, and ground maintenance.
"As we look to the future we look at opportunities that might be there that we can help provide and this would just be one way that would help us get there faster," Dolan said.
Currently a homeowner with a $100,000 home pays around $217 to the college every year.
If this milliage proposal passes it would add some $40 a year to that amount.
You can find more information about the NMC Millage