Monday, November 5, 2012
A sinking fund is established by a school district or municipal entity and can be used to pay for construction, repairs, physical improvements and building enhancements.
- ELECTIONS
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Monday, November 5, 2012
Still undecided on how to vote on the school sinking fund proposal on Election Day? The Royal Oak School District website offers these answers to frequently asked questions: Question: Why is this request being made now? Answer: A capital needs assessment completed this past year identified nearly $20 million in capital needs across the district. The largest single item is roof replacements; the district has approximately 870,370 square feet of roof. A schedule for roof replacement needs to be established and funded. Other critical need areas include: In an effort to maintain programs for students, expenditures for meeting such needs have been deferred over the last several budget cycles. If we continue to postpone necessary …
Wednesday, October 24, 2012
If sinking fund proposal is approved, the cost to the average Royal Oak taxpayer will be less than $30 per year.
- OPINION
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Wednesday, October 24, 2012
The following letter was sent to Royal Oak Patch by Pam Shewchuck, a Royal Oak resident: I urge Royal Oak voters to vote “yes” on the sinking fund proposal for Royal Oak Schools. As a 23 year Royal Oak resident and an active member of the Royal Oak Schools community, I am well aware of the importance of quality schools to provide a positive learning experience. Unfortunately, our infrastructure is suffering in our schools. Drive through the Royal Oak High School parking lot, or attend a class in one of the elementary schools where the boiler is on it's last legs - and you will understand the desperate need for fixing our infrastructure. We are fortunate in Royal Oak to have excellent teaching and support staff, however, education of our …
Saturday, September 29, 2012
The “Friends of Royal Oak Schools” is a community group working to advocate for a yes vote on the school district sinking fund proposal on Nov. 6.
Royal Oak citizens have organized as the Friends of Royal Oak Schools to urge their neighbors and friends to support the school district sinking fund millage proposal that will be on the Nov. 6 ballot. The Friends committee will hold a fundraising event at Sangria on Sept. 30 from 4 -7 p.m.. Minimum donations of $25 will admit persons to the event which will include appetizers and a cash bar. Persons who are not able to attend the fundraiser but who desire to support the Friends of Royal Oak School may do so by sending donations to: Friends of Royal Oak Schools, 2214 Ferncliff Ave, Royal Oak, MI 48073. The sinking fund proposal is for a 10 year 1-mill sinking fund. The request is timed to coincide with a reduction in the district’s debt …
Thursday, August 9, 2012
A building and site sinking fund, paid for with a 10-year, 1.0-mill levy, would help make repairs at schools in Royal Oak.
The Nov. 6 election picture in Royal Oak became clearer as ballot language for a building and site sinking fund millage to benefit Royal Oak Schools was approved Thursday. The 1.0-mill levy ($1 per $1,000 of taxable valuation) will, if approved by voters, take place for a 10-year period from July 2013-23. Superintendent Shawn Lewis-Lakin said citizens should consider the millage because it is “responsible, reasonable and right.” “A sinking fund provides a mechanism for meeting capital needs on an ongoing basis, rather than allowing a crisis to develop,” Lewis-Lakin said in his presentation. A recent capital needs assessment identified nearly $20 million in projects, with the largest single item being roof replacements. At its meeting, the …
Monday, July 23, 2012
As sources of school funding continue to dry up, the prospect of a sinking fund millage proposal for Royal Oak Schools is discussed.
In this era of school funding cutbacks and escalating expenses, discussion of a sinking fund has come into focus for Royal Oak Schools. A sinking fund is established by a school district or municipal entity and can be used to pay for construction, repairs, physical improvements and building enhancements. A recent capital needs assessment identified nearly $20 million in needs across the Royal Oak School District, including roof replacements, parking lot renovations, technology infrastructure improvements, window and door replacements, and heating/cooling system upgrades, according to Superintendent Shawn Lewis-Lakin. Lewis-Lakin has been meeting with a variety of community members for the past year to reach a formal recommendation for a 1 …
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Royal Oak Public Schools Board of Education
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Amy
10:44 pm on Monday, November 5, 2012
Thank You Donald! more ›