Voters asked to approve GRPS 'sinking fund'

11:07 PM, Aug 15, 2011   |    comments
Grand Rapids Public Schools
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GRAND RAPIDS (WZZM) -- Voters in the Grand Rapids Public School district will be asked to approve a millage increase to create a "sinking fund" to pay for school repairs.

The school board Monday night approved placing the millage request on the November 8 ballot.

The measure will ask voters to approve a 1 mill tax increase, or an additional $100 a year on a $100,000 home.  The district hopes the millage increase will provide about $4 million a year.

The money would be used to fix or replace heating and cooling systems, and repair structural issues.

Leaders say the millage increase is necessary because state education funding is dropping and voters are less likely to approve millages for new construction projects. 

"Everyone knows in our community we have some very old facilities and that they do need to be replaced," says school board president Senita Lenear.  "What we are saying now is we won't ask fo the money to do that. We will ask for this to get us by until we get a clearer picture of what the district really needs."

If approved money from the sinking fund would be used for repairs, instead of using money from the district's general fund.

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