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Brighton board hears options for capital funding as district millage is set to drop
Summary
Officials and bond advisors reviewed sinking funds and voted-bond options as the district’s millage is due to fall in 2025; board asked for additional scenarios and modeling before deciding whether to put a measure to voters.
Brighton Area Schools officials and municipal advisors reviewed two primary ways to pay for capital projects — a voted sinking fund and a series of voted bonds — and told the board the district faces an uncommon timing opportunity because its current millage is due to fall significantly in 2025.
The discussion Tuesday centered on which financing method would preserve long-term tax stability while allowing the district to address immediate building and equipment needs. "No matter what option is chosen, taxes are going to be going down in this community," Superintendent Dr. David Outlaw said, noting the district’s millage rate was agreed in past elections and is projected to decline in December 2025.
Why it matters: the board must decide whether to ask voters for a sinking fund (a time-limited millage up to 3 mills for no…
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