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Background

In October 2017, the Board of Education authorized the Superintendent to form a committee to explore the possibility of having a Sinking Fund. A group consisting of community members, parents, teachers, building administrators, and central office personnel came together in late October 2017, calling itself the Sinking Fund Exploratory Committee. This committee met several times during the months of November, December, and January to tour all campus, athletic, and maintenance facilities in the district. The committee developed a list of projects that could potentially be addressed using Sinking Fund monies, obtained estimates for these projects, prioritized them, and presented this information to the Board of Education in January 2018. The committee recommended that the Board pursue a Sinking Fund millage of 2.2 mills for a period of 5 years during the May 08, 2018 election. The Sinking Fund Exploratory Committee based its recommendation on several factors. Members of the committee wanted to balance raising enough money to make needed upgrades, improvements, and repairs without placing too large a burden on homeowners in the district.

After hearing the Sinking Fund Exploratory Committee’s recommendation, the Board of Education voted on February 12, 2018 to adopt a resolution to place a 2.2 mill Sinking Fund for a period of 5 years on the May 08, 2018 ballot. Unfortunately, this proposal did not pass, so the Board asked the Sinking Fund Exploratory Committee to review its initial proposal and make a new recommendation to the Board. This resulted in the Board’s adoption of a new resolution to pursue a 1.8 mill Sinking Fund for a period of 4 years on the November 06, 2018 ballot.

The Board also received feedback requesting more specific information regarding the projects that will be completed using Sinking Fund monies. As a result of this feedback, a Facilities Committee was convened to make a list of projects, broken down by year, that the District will complete with dollars generated by the Sinking Fund.

Transparency Reporting