A Brief Look at the Facts
As you may have heard, Mid Michigan College (Mid) will have two propositions on the November ballot asking residents of the Gratiot-Isabella RESD (GI-RESD) if they would like to officially join our district. We wanted to provide you with some factual information that will help you make an informed decision when you vote this November. When we talk about our proposal in the community, we typically receive two general questions:
1) What are the benefits?
2) What are the costs?
1. If the proposal passes, Gratiot-Isabella residents will pay the in-district tuition rate which is 40% less than the out-district rate they currently pay;
2. Per Economic Modeling Specialists International (EMSI), for every $1 of public money invested in Mid, taxpayers will receive a cumulative value of $5.50 over the course of the students’ working lives (a 12.5% return on investment);
3. Mid has an annual impact of $69.2 million on the local community and supports 1 out of every 43 jobs...these numbers will increase significantly with higher enrollment as a result of lower tuition; 4. If the proposal passes Mid will bring $3.11 million in additional annual revenue, but students will collectively save nearly $2 million annually through the reduction of tuition.
1. Mid's current millage rate is 1.2232 mills (the second lowest community college millage rate in Michigan) which means for every $1000 in ASSESSED home value (this is about 1/2 of the fair market home value), residents will pay $1.2232;
2. For the average home in Isabella County, it will cost approximately $69.31/year; 3. For the average home in Gratiot County, it will cost approximately $54.62/year;
4. For a student that enrolls full-time (24 credits) for just one year, they will save $2112 in tuition (using 2020-21 rates), which is more than what the average GI-RESD resident will pay in 30 years of taxes to support Mid at its current millage rate.
In our view the benefits significantly outweigh the costs. We hope you will support us this November by checking "Yes" to both proposals: (A) joining our district; (B) allowing us to assess our millage rate of 1.2232 mills. Both proposals must pass with a majority "Yes" to officially join Mid Michigan College's district. If you would like additional information please visit our website at www.midmich.edu/annexation or e-mail us at firstname.lastname@example.org. Thank you very much for your consideration.