Public Schools of Petoskey

Upcoming Millage IssuesElection on May 8, 2012

Four Important Things to Share

• 18 mill Operational Millage Renewal

• 1.3192 mill Sinking Fund Millage Renewal

• 0.40 mill Technology Bond (New)

• Char-Em Special Education Millage Renewal

18 Mill Operational Millage Renewal

Why?– Cornerstone of our educational funding– Required by law to get our State funding– Applies only to second homes and businesses– Provides over 60% of our operational dollars–Without this renewal, we will run out of

money by late October 2012.

Sinking Fund Millage Renewal

What?– 1.3193 mills for 7 years on all property– Costs $132 annually for a homeowner with a

$200,000 market-value house– A renewal of the existing millage with no

changes– Can only be used for major infrastructure

costs; no salaries, fringes or positions

Sinking Fund Millage Renewal

Why? – Items would otherwise have to come out of General

Fund (where we pay for all of our educational expenses)– Keeps facilities and infrastructure up-to-date, safe,

and inviting– Keeps community attractive to new businesses and

potential community members and students– Responsible for the current excellent condition of

our facilities

Sinking Fund Millage Renewal

What has this been used for in the past?– Replaced the aged roofs, boilers, electrical,

plumbing, & parking lots in most buildings– Renovated both auditoriums into preferred

performance centers– Created energy savings of over $350,000

annually– Purchased property for future expansion

Current Repairs & Renovations

Sinking Fund Millage Renewal

New funds will be used in all district facilities:• Roof replacement• Parking lot, drive-way, & sidewalk replacement• Exterior repairs (e.g., drainage and windows)• Plumbing and restroom renovations• Selected electrical upgrades• Heating system upgrades and/or replacements

Still In Need of Repair

Technology Bond

What?– 0.40 mills for 8 years on all property– Costs $40 - $50 annually for a homeowner

with a $200,000 market value house– Can only be used on technology &

communication equipment; no salaries, fringes, or positions

Technology Bond

Why?– Last major technology purchases: 12 years ago– Students’ projects from home cannot run on

current, aged systems –Meet the needs of students & staff in today’s

technology- rich world

Current 12 Year Old Technology

Technology Bond

New funds will be used in all district facilities:• Network and fiber upgrades• Teacher & student workstation upgrades• Communication system upgrades• Safety & surveillance system upgrades• Shared technology

Char-Em Special Education Millage

What?– 1.16 mills for 4 years– Costs $116 annually for a homeowner of a

$200,000 market value house– Pays for specialists in our district from Char-Em staff– Contributes $700,000 for support of district special

education staffing– Frees up District General Fund dollars to be used in

other educational programs

Your vote is needed on May 8th!