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Bloomfield Hills board adopts FY 2025–26 budget, approves sinking-fund proposal for November ballot
Summary
The Bloomfield Hills Schools Board of Education on June 16 adopted budget resolutions for FY 2025–26, set proposed millage rates (including an 18-mill operating levy and a 0.6907 sinking-fund millage estimated to raise about $3.4 million), approved strategic use of fund balance to cover a projected $1.9 million structural gap, and voted 5-1 to place a 10-year sinking-fund replacement on the November ballot.
The Bloomfield Hills Schools Board of Education on June 16 adopted the district's fiscal 2025—26 budget framework and approved asking voters to consider a 10-year, 1.5-mill sinking-fund replacement on the November ballot.
Assistant Superintendent of Business Services Candace Moynihan presented the required public hearing on tax rates and the budget. Moynihan said the district will levy 18 mills for general operating purposes on nonresidential property and a residential (hold-harmless) general operating millage of 4.3836; the board will also levy a 2.75-mill debt-service millage and a sinking-fund millage of 0.6907, the latter estimated to produce about $3.4 million for capital needs.
Moynihan summarized the…
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