Thank you, voters!

A Sinking Fund allows a school district to make improvements for specific purposes, as allowed by the state.

If approved, it would allow Reese Public Schools to create a fund to be used for purposes including building repairs, safety, instructional technology, and transportation.

A Sinking Fund is created by a local tax millage and is levied on all property located in a school district. The voters approved a ZERO INCREASE from the 2024 levy at 1.5 mills, which generates $445,370 annually for 5 years for district improvements.

Shall the limitation on the amount of taxes which may be assessed against all property in Reese Public Schools, Tuscola, Saginaw and Bay Counties, Michigan, be increased by and the board of education be authorized to levy not to exceed 1.5 mills ($1.50 on each $1,000 of taxable valuation) for a period of 5 years, 2025 to 2029, inclusive, to create a sinking fund for the purchase of real estate for sites for and the construction or repair of school buildings; for school security improvements; for the acquisition or upgrading of technology; for the acquisition of student transportation vehicles; for the acquisition of parts, supplies, and equipment used for the maintenance of student transportation vehicles; for the acquisition of eligible trucks and vans used to carry parts, equipment, and personnel for or in the maintenance of school buildings; for the acquisition of parts, supplies, and equipment used to maintain such trucks and vans; and all other purposes authorized by law; the estimate of the revenue the school district will collect if the millage is approved and levied in 2025 is approximately $445,370?