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Okemos board hears millage, sinking‑fund and long‑range bond planning as next bond options considered
Summary
District finance leaders briefed trustees on operating millage, Headlee rollback, sinking‑fund uses and the 2022 bond draws; trustees were asked to form subcommittees and work with PFM on timing and levy scenarios ahead of February/March planning meetings.
Okemos Public Schools administrators gave trustees an overview of long‑range funding options and next steps as the district plans beyond its 2022 bond.
Executive Director Lentz explained operating millage mechanics and Headlee rollback: Michigan assumes districts levy up to 18 mills for operating calculations and the district’s base operating levy is currently about 17.8795 mills; an additional voter‑approved “safety net” millage covers Headlee rollback differences. Lentz said…
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