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Board discusses operating millage renewal and sinking fund replacement; sinking fund replacement would permit bus purchases
Summary
Board members reviewed plans to place an operating millage renewal and a sinking fund replacement on the ballot; the sinking fund replacement would expand allowable uses to permit bus purchases, and the law firm Thrun will provide official ballot language.
Board members discussed proposed ballot measures for an operating millage renewal and a sinking fund replacement during the April 6 meeting. The agenda describes the operating millage as a renewal and the sinking fund as a replacement; the replacement structure would broaden allowable uses so the district could purchase buses with sinking fund dollars.
The board emphasized the need to request an amount that balances district operational and capital needs with taxpayer value and to document long-term plans for use of the funds. The law firm Thrun is preparing updated resolution language and the official ballot language; no final dollar amounts were recorded in the meeting transcript.
