What are some of the most frequently asked questions about sinking funds?

A sinking fund is levied on all property located in the school district and would generate $704,000 per year for 10 years for district improvements. This ... Sinking Fund Information. A Sinking Fund is a millage levied in Michigan dedicated to support the repair and construction of school buildings. The Sinking Fund ... Sinking Fund. A sinking fund is a way to pay back money borrowed through a bond issue by making regular payments to a trustee who retires part of the issue by ... A sinking fund is a dedicated savings strategy where you set aside small, manageable amounts of money over time for a specific expense. Unlike a general savings ... Sinking Fund · Resurface and repair more than one million square feet of deteriorated parking lots and replace nearly 200 parking lot lighting features. The Byron Area Schools 3.0 millage sinking fund will be used for safety and security upgrades, as well as electrical and plumbing upgrades. Sinking Fund · Definition: A dedicated fund used to repay bond debt and other long-term obligations. Funded through a property tax levy approved by voters. 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 ... Mar 19, 2023 ... Sinking funds are a type of bond provision which requires the issuer to set aside a specific amount of money on a regular basis to repay the ... Voters will be asked to consider the District's Building and Site Sinking Fund ballot proposal on May 6, 2025. This levy will maintain the existing 2024 millage ...