Comstock Park — The district’s 10-year sinking fund is up for renewal on May 7, and if approved would generate about $500,000 annually for the maintenance and repair of facilities, infrastructure, technology and buses.
The May proposal is a no-tax increase of 0.9576 of a mill. The current sinking fund millage will expire with the 2024 tax levy. If approved May 7, the levy would be authorized through 2034.
The district first passed the sinking fund millage in 2004, and again in 2014. Money generated from the fund has been used for school security improvements, technology purchases and upgrades, and the repair and renovation of school buildings.
Superintendent David Washburn said new legislative language was adopted in 2023 that enhanced expenses, allowing districts to allocate funds toward transportation and technology needs.
“We all understand that strong schools are extremely important to our community, and these allowable expenses would greatly enhance our district for years to come,” he said.
Unlike bond issues, which yield large sums districts must pay back with interest, sinking funds pay for projects as they go, yielding only as much as raised by yearly tax revenue. Sinking funds cannot be used for employee salaries and benefits, or other operational expenses.
Absentee voting has already begun, and in-person voting will only be on May 7 as this is not a federal or statewide election.
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