Voters pass Rochester Community Schools sinking fund proposal

By: Mary Beth Almond | Rochester Post | Published November 6, 2019

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Voters in the Rochester Community Schools district passed a 1.5 mill 10-year sinking fund proposal Nov. 5, according to unofficial results from the Oakland County Elections Division. 

Approximately 11,677 people voted for the building and site sinking fund, while 5,821 voted against it.

“We achieve great outcomes for our children when we all work together with a common goal,” RCS Board of Education President Kristin Bull said in a statement. “We are grateful for the support of the community.”

District officials said the investment in the school district will generate approximately $7.8 million per year for 10 years to repair, replace or buy new facility and infrastructure items, enhance security, and upgrade technology.

A building and site sinking fund is a pay-as-you-go mechanism that does not require the school district to borrow money or pay interest. The fund is audited annually by the Michigan Department of Treasury to ensure the revenue is spent only as the law allows.

“As we move forward, every action will continue to be deliberate, strategic and focused on safety and efficiencies throughout the entire RCS organization,” RCS Superintendent Robert Shaner said in a statement. “Being good stewards of sinking fund dollars is both an expectation and obligation to our community.”

Shaner said it is an honor to work among community members who “place such a high value on education and are willing to invest in students’ future.” 

He said the district is “truly grateful” for the support of Rochester-area residents, members of the Advanced Planning Committee, the Citizens Committee, parents, Parent-Teacher Associations, the Parent Advisory Committee, local leaders and business owners, the Board of Education, and school administrators and staff.

Call Staff Writer Mary Beth Almond at (586) 498-1060.

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