Lake Orion Community Schools voters approved the Building and Site Sinking Fund in August 2016, providing a dedicated source of funding, needed for long-term facility repairs, renovations and replacement projects.
This work provides the district’s 7,000 students, staff members and community with safe and functional educational facilities, bringing portions of the district up to functional standards. The 2 mill sinking fund generates approximately $4.55 million annually for 10 years.
About 1/2 of the state's public school districts currently have a sinking fund in place to address their facility needs, including 19 of 28 districts in Oakland County.
The types of major facility renovation and repair projects include boiler and chiller replacement, roof repairs, restroom upgrades, parking lot and sidewalk repairs, carpeting and floor tile replacement, lighting system upgrades, energy management system updates, network infrastructure improvements, eligible security system upgrades, window and door replacement and more.