How can understanding sinking funds help improve overall financial literacy?

GHAPS tax year 2023 Debt Millage rate is 2.29. In tax year 2025, the Debt Millage rate will be 0.00. If approved, the .70 Sinking Fund Millage rate would be the ... Ferndale Sinking Fund. On the August 2nd, 2016 ballot, a measure was approved that will levy a tax on residents for a Sinking Fund for Ferndale Public Schools. 2025 SINKING FUND. In the upcoming special election on May 6, 2025, voters will be asked to vote on a Sinking Fund millage. What is a Sinking Fund? A Sinking ... SINKING FUND MILLAGE PROPOSAL ... 6795 mill ($0.6795 on each $1,000 of taxable valuation) for a period of 10 years, 2024 to 2033, inclusive, to create a sinking ... The Sinking Fund was first approved by local voters in September of 2002. In November 2011, local voters approved a request to renew the Sinking Fund levy for ... Mar 20, 2025 ... A sinking fund is a strategic way to save money by setting aside a little bit of money each month. Here's how sinking funds work. What is a Sinking Fund? A Sinking Fund allows a school district to make improvements for specific purposes, as allowed by the state. If approved, it would allow ... Jun 14, 2023 ... Setting aside money over months or years to pay for that expense can make it easier on your budget. Learn how to bankroll big purchases with our guide to ... Basically, the sinking fund is created to make paying off a debt easier and to ensure that a default won't happen because there is a sufficient amount of money ... Oct 7, 2022 ... These funds guarantee dollars for facility improvements, protecting the investment the community has made in the district. This Sinking Fund ...