Education
Schools could benefit from a state reform of how they can spend local tax dollars
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By ALEXANDER SMITH
Capital News Service
LANSING — School districts could have an easier time paying for security systems and classroom electronics thanks to a new bill that would broaden the use of the millage they collect. The legislation would affect sinking funds, which are better than they sound. They allow voter-approved property tax to be collected and spent by a district to buy land for a new school, build a new building or repair an existing building. The bill, sponsored by Rep. Michael McCready, R-Bloomfield Hills, would also allow sinking funds to buy equipment and technology. According to a House summary of the bill, 173 districts have sinking funds.