Sinking Fund

Proposal Details:

A sinking fund is a “pay as you go” system which is generated by local voters.  It provides school districts with funds to pay cash for repairs and improvements as needed. The district has several areas in need of infrastructure repair and upgrade. Current State of Michigan funding does not provide funds to maintain, repair or improve buildings.  Webberville Schools, like many Michigan schools, utilizes a sinking fund levy to fund these important repairs and improvements.

The 2023 Sinking Fund Levy will be proposed the May 2nd, 2023 ballot for 2.85 mills over 10 years. If approved, it would generate approximately $435,000 annually for the district.

Andrew Smith