2019 Fenton Area Public Schools
Sinking Fund Proposal
Sinking Fund Proposal
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Are you interested in learning about the Fenton Area Public Schools 2014 Bond and how this funding has, and is going to be, spent to enhance learning opportunities for our students?
- 2019 Sinking Fund
- Upcoming Informational Meetings
- Additional Resources
- What Is A Sinking Fund?
- Tax Rates
Dear Fenton Area Public Schools Community,
Our current Sinking Fund millage expires in December of 2019. Our Sinking Fund has been critical to our school district in the past when it comes to repairing and maintaining our school buildings, along with other items such as our athletic complexes, boilers and parking lots. FAPS has always used the Sinking Fund to make sure our students are learning in spaces that are safe and up to date. In August, we will be placing a new Sinking Fund on the ballot and will ask our community to increase the expiring 10 year Sinking Fund millage of 1 mil to a new 10 year Sinking Fund millage of 2.25 mills. The reason for this increase stems from new legislation that allows school districts to leverage Sinking Fund dollars for not only repairs and construction, but also for security and technology. This new legislation is great news due to the fact that, if the new Sinking Fund is approved by our community, we can set goals and create rigorous plans not based on “what if a Bond passes” but rather based on a consistent revenue each year. We have made great strides in the areas of quality facilities, school security and instructional technology thanks to our community approving both our current Sinking Fund and 2014 Bond. By having a Sinking Fund under the new legislative guidelines, Fenton Area Public Schools will continue to enhance in all three areas and not have to seek another Bond.
Along with maintaining quality facilities, enhancing school security and progressing in instructional technology, a new Sinking Fund will allow us to equip each school building with new HVAC climate control classrooms within a two year period. The updated HVAC systems will provide comfortable learning spaces for our students, including central air in our classrooms.
In the near future, I will be visiting each building to inform our staff and our PTO’s of what this Sinking Fund will allow us to do as a school community. I will also be holding informational meetings through the months of May and June. We are fortunate to have such supportive families and community members within FAPS and I am excited to what the future holds.
Dr. Adam Hartley
Monday, May 6th 6:00 – 7:00 p.m.
North Road Elementary School
Wednesday, May 15th 6:00 – 7:00 p.m.
AGS Middle School
Monday, May 20th 6:00 – 7:00 p.m.
Ellen Street Campus
Wednesday, May 22nd 6:00 – 7:00 p.m.
Tomek-Eastern Elementary School
Wednesday, May 29th 6:00 – 7:00 p.m.
State Road Elementary School
Wednesday, June 5th 6:00 – 7:00 p.m.
Fenton High School
Coffee and Conversation with the Superintendent
Friday, May 17th 8:30 – 9:30 a.m.
Thursday, June 13th 8:30 – 9:30 a.m.
Thursday, July 25th 8:30 – 9:30 a.m.
What Is A Sinking Fund
A Sinking Fund is a millage approved by the community and levied to support the repair and construction of school buildings. A Sinking Funds does not require a school district to borrow money or pay interest. The millage is calculated using the taxable value of a home, which is usually about half of the assessed value. In the past, school districts could not use Sinking Funds for security or technology and only use the funds for repairs and construction of buildings. Under new legislation, a school district can now levy up to 3 mills for up to 10 years with voter approval. These funds are used to continue to maintain facilities and to enhance both security and instructional technology. Sinking Funds cannot be used for purchasing teaching supplies or textbooks, paying teacher and administrator salaries, or other items that do not fall within the areas of building repair/construction, security or technology. The law requires districts with Sinking Funds to keep the funds separate from other district accounts. Sinking Funds receive a separate review each year to ensure they are being spent appropriately. Sinking Funds allow school districts to pay for safety improvements, technology improvements, and repairs that will ultimately allow the district to preserve general fund money it receives from the state to support the many costs of running a quality school district such as instruction, programs, and salaries.
How much is the new sinking fund?
Fenton Area Public Schools is proposing 2.25 mills for 10 years.
The new Sinking Fund will be used for facility upgrades and repair, school security, technology needs and Heating Ventilation Air Conditioning (HVAC) Systems in all buildings.
Please see the costs per household under the “Tax Rates” tab.
I’m going to be out of town on August 6th, can I still vote?
Yes, recent changes to the absentee ballot process allows all eligible and registered voters in Michigan to now be able to request an absent voter ballot without providing a reason. Requests to have an absent voter ballot mailed to you must be received by your city or township clerk no later than 5 p.m. the Friday before the election.
Learn more about Absentee Ballots on the Michigan Department of State website: https://www.michigan.gov/sos/0,4670,7-127-1633_8716_8728-21037–,00.html
Can the sinking fund money be used to pay for more teachers?
Money generated through a Sinking Fund is restricted in its use. Until a recent law change Sinking Fund revenue was only allowed to be used for the maintenance and building of school facilities. The recent change in law enables school districts to use the revenue to also be used for security and technology upgrades. Sinking Fund money is not allowed to be used to pay staff, administrators or teachers and cannot be used to buy new buses or any instructional materials and supplies.