P-CCS Sinking Fund Proposal

A sinking fund would allow P-CCS to dedicate funds specifically to building and infrastructure improvements and upgrades, including safety and security upgrades, roof repairs, and technology infrastructure.

Unlike a bond, a sinking fund can be used for repairs. It is a pay-as-you-go funding source, meaning the district would not borrow money, incur debt or pay interest.

Approval of a sinking fund would establish a dedicated source of funding for the district’s long-term capital needs while helping preserve classroom resources for students. It would also allow P-CCS to address repairs and improvements before smaller issues become more costly problems.

Under Michigan law, building and site sinking fund dollars can be used for a variety of capital improvements that help keep students safe, healthy and prepared to learn. Potential uses include:

• Safety and security improvements
• Roof repairs, parking lot improvements and other critical building needs
• Heating, ventilation and cooling system renovations
• Plumbing upgrades and repairs
• Technology infrastructure and equipment updates
• School buses and transportation-related capital purchases
• Energy-efficiency improvements that can help reduce long-term operating costs

Sinking fund dollars cannot be used for employee salaries, benefits or day-to-day operating expenses.

The proposed 1.5-mill sinking fund would appear on the November 3, 2026, ballot.

If approved, the proposal is expected to generate nearly $13.5 million each year for 10 years. For a homeowner with a taxable value of $200,000 (market value of $400,000), the estimated cost would be approximately $25 per month.

The sinking fund would begin in 2027 and expire after 10 years unless voters choose to renew it.

P-CCS is committed to providing students and staff with safe, healthy, and well-maintained schools. A sinking fund would help the district make important investments in school facilities and infrastructure without taking on additional debt.

By creating a dedicated funding source for capital needs, the district can preserve general operating dollars to support classroom instruction, educational programs, and student opportunities, including career and technical education.

P-CCS is committed to being a responsible steward of taxpayer dollars.

The district posts information about the use of taxpayer funds on its publicly available website. All sinking fund dollars would be subject to an independent annual audit to promote transparency and help ensure funds are spent responsibly.