0

Sinking fund fails

CARO — On Tuesday, voters in the Caro Community School District decided against a sinking fund millage with a vote of 403 to 548 (unofficial results).
The district asked voters for .08 of a mill for six years to create a sinking fund for construction or repair of school buildings.
The millage would have generated about $230,000 the first year.
Prior to the election, Superintendent Bruce Nelson told the Advertiser: “Should it fail, the district will be forced to divert scarce resources to address the most immediate needs… this will mean even greater strain on the annual budgets resulting in further cutbacks and program restrictions. It will not be an immediate result but it will be an inevitable one. The process of slow decline will accelerate with each passing year.”

Filed in: Local News

Recent Posts

Bookmark and Promote!

Leave a Reply

You must be Logged in to post comment.

© 2014 Tuscola Today. All rights reserved. XHTML / CSS Valid.
Proudly designed by Theme Junkie.