1. Sinking Fund Millage Proposal
Board of Education
January 18, 2017

2. Recommendation
Increase the AAPS Sinking Fund Millage to meet facility/physical property needs:
Renewal, repair and replacement of infrastructure
32 school buildings / 3,369,500 square feet
Average age of 60 years
Expansion of facilities to meet housing growth demands
Complete 2015 Bond work
Elementary playgrounds, auditorium repairs, security enhancements, outdoor learning spaces
January 18, 2017

3. Renewal, Repair & Replacement of Infrastructure
HVAC
Roofing
Essential Repairs
Updating aging systems
Building restoration
January 18, 2017

4. Allen Flood Event – August 2016
January 18, 2017

5. Expansion for Housing Growth
North Oaks of Ann Arbor
472 Home Development
Woodbury Club
277 apartments
North Sky
138 single family homes
56 Condos
33 Condo units
70 Apartments
South Pond Village
73 single family homes
2857 Packard
single family homes
January 18, 2017

6. Completion of 2015 Bond Advisory Committee Recommendations
Elementary playgrounds
Auditorium/Performance Facilities
Improving safety and updating equipment
Athletic/Outdoor Learning Areas
Security Enhancements
January 18, 2017

7. Sinking Fund Millage
Levied in Ann Arbor since 2002 (Building & Site millage levied prior)
Provides funding to support the repair and construction of school buildings
Protects General Fund dollars
Last renewed Fall 2013 for 5 years at 1 mill out of a possible 5 mills allowed by law
Currently allowed to levy a maximum of 3 mills for up to 10 years
One of few local ‘levers’ that can be used to protect district against negative financial impact
January 18, 2017

8. Propose Sinking Fund Millage Increase & Extension
Replace current Sinking Fund Millage
May 2017 election
Increase to 2, 2.5 or 3 mills
Extend to 10 years, beginning 2017
Mills
Cost to Taxpayer per
$100,000 Home Value / $50,000 Taxable Value
Amount Raised Annually
Current Levy of 1 mill
$ 50
$ 8 M
2 mills
$100
$16 M
2.5 mills
$125
$20 M
3 mills
$150
$24 M
January 18, 2017