sinking fund millage renewal election- may 7, 2013
TRANSCRIPT
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Stephenson Area Public Schools
Sinking Fund Millage RenewalElection- May 7, 2013
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What is a Sinking Fund
• A sinking fund levy creates a separate "pot" of money that can be used for repairing and renovating facilities.
• A sinking fund is not allowed to be used for routine maintenance items.
• It cannot be used for salaries or benefits.
• It is restricted to capital maintenance projects by the Department of Treasury
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• Would levy .92 mills;
• 5 year term;
• Will raise $181,837per year;
• Cannot use for salaries or Benefits.
Sinking Fund Proposal
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Sinking Fund ProjectsPROPOSED
Parking Lots lmpoved! High School Parking lot is not adequate for our staff and students!
Carpeting/Tile Replaced! High School/Middle School/Elementary lncreased Security HS/MS/EIem! Surveillance cameras, key fob entry
lncreased Update roofs, doors, electrical and fire alarm system!
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Sinking Fund ProjectsPROPOSED
Roofs Repaired!
Student Lavatories Renovated!
HVAC System Upgraded!
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Sinking Fund ProjectsPROPOSED
Efficient Windows in 62 Wing!
Locker room Renovations! Track Resurfaced and Striped! Roof Replacements
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Don’t Forget to Vote!
Tuesday, May 7, 2013!