Yes. What you voted for is called voted, or outside millage. This millage represents a maximum amount of money voted by you that can be collected for operating the schools. But, because of increased property values, the full voted levy would raise more money than authorized. Therefore, HB920 requires millages to be lowered to an “effective millage rate” so taxes do not generate an increase in revenue due to an increase in valuation as a result of reappraisal or triennial update.