Shall the limitation on the amount of taxes which may be assessed against all property in Parchment School District, Kalamazoo County, Michigan, be increased by and the board of education be authorized to levy
not to exceed 2 mills ($2.00 on each $1,000 of taxable valuation) for a period of 5 years, 2020 to 2024, inclusive, to create a sinking fund for the construction or repair of school buildings, for school security
improvements, for the acquisition or upgrading of technology and all other purposes authorized by law; the estimate of the revenue the school district will collect if the millage is approved and levied in 2020 is
approximately $438,537?
In 2020, voters in the Parchment School District approved a five-year sinking fund designed to address critical infrastructure and technology needs without increasing the overall tax rate. This fund generated approximately $438,537 per year and supported several key projects:
- Providing one-to-one student technology devices
- Improvements to HVAC and plumbing systems
- Enhancements to school security
- Upgrades to parking lots and drop-off/pick-up areas
- General repairs and maintenance of school buildings
The sinking fund was part of the district’s ongoing efforts to maintain and improve school facilities, ensuring a safe and effective learning environment for students and staff.