School Election for voters in the Holland Public School District
Two Proposals - Tuesday, May 2
It’s that time of year again.
On Tuesday, May 2 voters who reside within the boundaries of Holland Public Schools will consider two proposals on the ballot.
• The 18 mill “Non -Homestead Property” Renewal for 3 years
• A 10 year “Sinking Fund” Request for major repairs, renovations, and technology.
The 18 mill “Non Homestead Property” Renewal (3 years)
This renewal does not impact the levy on your primary residence. It is not a tax increase.
As part of Proposal A in 1994, this maintains the current levy on industrial, commercial, and second home properties. This renewal represents about $9 million and nearly 30% of the annual HPS OPERATIONAL budget. This renewal has been consistently supported by our community over the last 22 years.
The 10 Year “Sinking Fund” Request
Sinking Fund dollars cannot be used for operational needs like textbooks, desks, salaries, snow plowing, and utility bills.
Rather, Sinking Fund dollars help our district address major repairs, large scale maintenance projects, and renovations.
Thanks to new State legislation, districts may now include technology and security upgrades in their Sinking Fund planning and expenditures.
Sinking Fund projects are beneficial in two ways. They support the district’s commitment to keep all of our facilities well maintained, attractive and up-do-date. Plus, since various Sinking Fund projects are paid for as funds come in every year, there is never any debt incurred which require the payment of interest. This results in an overall savings for projects to the taxpayer.
In 1998 and 2007, voters in our community approved the establishment and the continuance of an annual .75 mill Sinking Fund levy for 10 year time periods.
The 2017 “Sinking Fund request on the May 2 ballot asks for a .4 mill increase for one year and 1.25 mills for each of the next nine years, 2018-2026. When this rate is combined with the scheduled reduction in the district’s debt service millage, it works out to a LOWER overall tax levy for district property owners over the 2017-2026 time frame.
In preparing for this request we wanted to make sure it was a thoughtful consideration of identified projects through 2026 and the amount of debt/tax levied in our community.
To learn more, please consider this video screencast http://www.hollandpublicschools.org/vimages/shared/vnews/stories/588bc64dcca46/Recording%20%235.mp4