**This survey is intended for Almont taxpayers only.**
Almont Community Schools is dedicated to ensuring our facilities remain safe, efficient, and supportive for students and staff. As you may know, the district’s sinking fund has been fully utilized as intended. With those funds now expended, future maintenance and improvements will be supported through the district’s general fund.
Over the past year, the district has exercised careful due diligence in spending $932,274.18 from the remaining sinking fund dollars. These funds were used for important projects, including replacing OP windows, updating select doors, refurbishing the track, and replacing and upgrading the high school’s fire alarm system, among other essential facility needs.
The district is now exploring options for future funding initiatives, and your input is important. To help you understand the choices:
- A bond is paid back over time through property taxes. This is a loan the school district takes out to fund major projects. The district must repay the borrowed amount plus interest, usually 15 years or more. When a district uses a bond, each project must be clearly identified in advance, and the funds can only be used for those specific projects. This ensures transparency and accountability, so taxpayers know exactly how their money is being spent and that it cannot be diverted to other purposes. Furthermore, it is expected that at least 85% of bond proceeds are spent within three years and that all is spent within four years.
- A sinking fund millage is a voter‐approved property tax levy in school districts, levied for up to 3 mills for a period of up to 10 years, used to pay “pay‐as‐you‐go” capital costs. It allows districts to raise funds directly without borrowing money or paying interest, and the funds must be kept in a separate account and audited annually to ensure they are used only for the purposes approved by voters. Sinking fund revenues may be used to construct, repair, or remodel school buildings and sites, improve school security, update or acquire technology, and purchase or maintain vehicles such as buses. However, sinking funds cannot be spent on salaries, regular maintenance, instructional costs, or other operating expenses.
The district will use your feedback to make informed decisions about future bonds or sinking fund proposals, the projects they fund, and the investment levels that best serve our schools and community. We appreciate your time and input on this important survey. Thank you!