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2023 Senate Bill 63 / Public Act 26

Education: financing; use of school sinking fund; allow for school transportation.

Mackinac Center Analysis

Amends section 1212 (MCL 380.1212) of the Revised School Code. Section 1212 specifies the purposes for which a sinking fund tax, if approved by voters, may be used. Under current law, depending on the date of authorization, the sinking fund tax may be used for the purchase of real estate for the construction of school buildings, repair of school buildings, improvement of school security, and/or purchase of technology resources and upgrades. As passed by the Senate, in addition to the aforementioned items, SB 63 would allow a sinking fund tax to be used for the purchase of student transportation vehicles, maintenance equipment for those vehicles, trucks and vans under the Michigan Vehicle Code to carry equipment and personnel for the maintenance of school buildings, and maintenance equipment for those trucks and vans. If passed, SB 63 could lead to an increase in sinking fund millage rates and/or the number of districts creating sinking funds.

2022 Senate Bill 859

Authorize 3-mill "sinking fund" property tax for electric school buses

2022 House Bill 5721

Authorize 3-mill "sinking fund" property tax for electric school buses

2021 Senate Bill 20

Authorize 3-mill "sinking fund" property tax for school buses

2020 Senate Bill 1226

Authorize 3-mill "sinking fund" property tax for school buses

2020 Senate Bill 973

Authorize 3-mill "sinking fund" property tax for school buses

2019 Senate Bill 455 / 2020 Public Act 28

Give more tax breaks to particular “data center”

2019 House Bill 4075

Authorize 3-mill "sinking fund" property tax for school buses

2018 House Bill 6027

Allow school sinking fund to pay for security officer

2018 House Bill 5390

Authorize 3-mill school water filtration property tax