By David Fleet
Editor
Goodrich —  On Monday night, the school board of trustees voted 6-0 to place a 1 mill sinking fund on the November 2022 ballot. Trustee Ashley Herriman was absent with notice.
A taxpayer with a $100,000 home will pay an additional $100 per year, if passed. The sinking fund will last for 10 years and raise about $571,000 per year for the district.
“When we started talking about the bond proposal back in 2019, one of the items we discussed was that a sinking fund would be needed,” said Wayne Wright, district superintendent. “A sinking fund can be used to buy technology. If the sinking fund is passed, we will update our technology each year. In addition, the fund can be used to do major construction but not general maintenance.”
Goodrich is one of two school districts that currently does not have a sinking fund, said Wright.
For example, if a heating boiler goes down the sinking fund can be used, however if a small leak in the roof occurs it must come from the general fund.
“The sinking fund can be used for security, but not wages,” he said. “It’s important to keep the district in line.”