How does inflation affect a sinking fund?

A sinking fund is an account where money that is received prior to a payment is set aside to make future loan payments or retire debt. We are proposing a ... Jan 17, 2024 ... It is used to pay for maintenance and replacement of common property items such as lifts, balconies, parking spaces and exterior areas of ... Section. 1212 provides that, with voter approval, a school district may levy a sinking fund tax to pay for certain allowable capital improvement projects and ... Feb 17, 2024 ... Sinking Funds cannot be used for operating expenses, salaries, employee benefits, or routine building maintenance. 4. Does Kentwood Public ... Mar 14, 2022 ... A sinking fund is a savings account dedicated to a particular expense that you fund gradually through regular payments. Jul 9, 2019 ... What is the purpose of a Sinking Fund? A sinking fund is a deposit of money, which allows for the body corporate of a property to pay for major ... Sep 25, 2024 ... If the 2024 sinking fund millage is approved by the voters, it will generate approximately $11 million annually for 10 years. This will allow ... Sinking Fund Updates. The vote passed in November of 2018 for a 10-Year Sinking Fund. The estimated tax levy value would generate $2.3M per year and yield $23M ... 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 ... Jul 12, 2020 ... A sinking fund is just a bank account that I create for a specific purpose. I create a sinking fund when I know I have a large expense coming up ...