Building and Site Sinking Fund Projects

For Michigan school districts, a sinking fund is a millage-approved property tax levy that provides funding for capital projects without requiring the district to take on debt through bonds. These funds can be used for things like:

• Renovations and remodeling of existing facilities
• Roof repairs or replacements
• HVAC system, plumbing, and electrical upgrades
• Security enhancements
• Parking lot repaving
• Technology infrastructure improvements

Sinking funds CANNOT be used for operational expenses such as salaries & benefits, maintenance, debt payments or general school supplies.