Sinking Fund 2017
Lake Orion Community Schools would like to thank the voters in Orion Township and other area communities where students attend our schools. Approving the Building and Site Sinking Fund in August 2016 provides a dedicated source of funding, needed for long-term facility repairs, renovations and replacement projects.
This work will help provide the district’s 7,600 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 will generate approximately $3.5 million annually for 10 years.
About one-third of the state's public school districts currently have a sinking fund in place to address their facility needs, including 12 of 28 districts in Oakland County.
There currently are more than $40 million in facility projects proposed for Lake Orion schools. The building and site sinking fund will enable improvements to every building in the district. 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.
Tour of sinking fund projects (August 2017)