The Sinking Fund Millage Proposal……

• Is a restoration of the same authorization approved by the voters in 2004
  
  
• Restores the 1mill Sinking Fund over 5 years,  which is a limited property tax, considered a pay-as-you-go method for building repairs and renovations
  
  
• The 2004 1 mill Sinking Fund was rolled back by the Headlee Amendment to .9861 mills. The district is asking for the authority to restore back to 1 mill.
  
  
• It is more effective and less costly to maintain a building than to do major repairs every 10 years.
  
  

• The State of Michigan requires Sinking Fund dollars be used to fund capital enhancements or facility repairs.
  
  
• Revenue from the Sinking Fund will be used for ongoing building repairs such as roofs, mechanical and electrical upgrades, floors, ceiling and lighting upgrades, ADA enhancements, parking lots.
  
  
• Sinking Funds dollars cannot be used for operating expenses such as employee salaries or benefits.
  
  
  

2004 Sinking Fund Projects

The 2004 Sinking Fund has been used for the following:

• Mechanical and electrical upgrades for Ann Arbor’s 21 elementary schools, 5 middle schools and 5 high schools.
• New boilers
• New classroom ventilation systems
• Replacement of rooftop air handling units
• Replacement of plumbing fixtures
• ADA enhancements

Proposed Sinking Fund Projects

The proposed Sinking Fund will be used for:

• Roof replacement
• Replacement of parking lots
• Replacement of ceilings and lighting
• Replacement of flooring
• Upgrading electrical systems
• Replacement of the current steam and roof top heating systems
• Building security and access systems
• ADA enhancements
• Technology hardware and software (if permissible by law)