What is a Building and Site Sinking Fund? A Sinking Fund is a “pay as you go” millage used to keep district buildings in good repair as well as upgrade security/safety and technology. 170 school districts in Michigan have a BSSF.
Why is it needed? In the TSD, we work hard to keep your tax dollars where they belong—in the classroom. But funding cuts force us to make reductions elsewhere, and that means repairs and upgrades to our schools do not get done. We spend less on repair and refurbishment of our facilities than 734 of the 839 other school districts and academies statewide.
A Sinking Fund would:
- Protect your investment in Troy Schools
- Preserve the excellence in our classrooms
- Ensure that our students are safe and secure in their learning environment
Why use a Sinking Fund? This type of fund provides a dedicated revenue stream but adds no debt—we borrow nothing and spend only what is available each year, all at ZERO increase to the current tax rates.
We are grateful for the support of our friends and neighbors, who recognize the link between exemplary schools and strong property values. I urge you to learn as much as you can—and then head to the polls on November 7th.
Dr. Richard Machesky
Superintendent, Troy School District