GRAND LEDGE, Michigan – Voters in Grand Ledge will decide whether to renew the school districts sinking fund when they go to the polls on November 2.
“If people approve a sinking fund, it provides additional income to be used to maintain our buildings and structures,” said John Ellsworth, communications director for Grand Ledge Public Schools.
Voters approved the sinking fund in 2002 and it was renewed in 2011.
Since then the money has been used to purchase properties such as what the district calls “The 22 Acres” near Beagle Middle School, which is now used for the new athletics facility and provides access to M-43.
The money was also spent on repairing the high school roof, generators, improving the flooring in classrooms, upgrading sports facilities and maintaining the HVAC system.
Money in the sinking fund can only be used for capital improvement projects.
If voters approve the three-year renewal, there are no specific plans for the money, but Ellsworth said having that money on hand means they aren’t borrowing money and do not pay interest on it.
“It’s that we would have that money on hand for the situations that arise and can be quite costly,” he said.
Since this is a renewal at the current level of .7921 mills, there would be no property tax increase.
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