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Board reviews sinking fund ballot language; considers lower millage and bus purchases
Summary
Finance director presented options to replace the expiring sinking fund millage; board discussed reducing levy from 0.9 to 0.7–0.75 mills, removing real estate purchase language, and explicitly allowing student transport and maintenance vehicles.
Director of Finance Danielle Banasiak led a discussion about replacement language for the district's expiring 2017 sinking fund. Banasiak told the board the legislative change requires the district to put the updated language on the ballot as a new issue; the proposed changes would allow purchase of student transport vehicles and maintenance vehicles and would remove a recommended clause authorizing real‑estate purchases.
Board members discussed reducing the levy from the prior level of 0.9 mills to a proposed 0.7–0.75 mills. Banasiak described the consumer impact in the discussion: "This would be $0.70–$0.75 per $1,000 of taxable value or $70–$75 per year on a $100,000 home, a reduction of $9.15 per year on the same valuation." The board emphasized sinking fund allowable uses are tightly regulated by the State of Michigan; final ballot language will be decided at a future meeting.
