AAPS Mulls Revenue Enhancement Proposals
Ann Arbor Public Schools Board of Education regular meeting (March 21, 2012): At its Wednesday evening meeting, trustees of the Ann Arbor Public Schools (AAPS) heard and discussed a variety of revenue enhancement proposals from the administration.
Trustee Christine Stead directs a question to superintendent Patricia Green while trustee Glenn Nelson looks on. (Photos by the writer.)
The proposals ranged from digital billboards on district property to enrolling international students into the district. Board reaction to the proposals was mixed.
Trustee Christine Stead described the proposals as creative, but requested the opportunity to see “both sides of the ledger” – both revenue enhancements and cuts. Trustee Andy Thomas said he was “underwhelmed” by the revenue projections.
After a special briefing on a resolution to re-fund the 2004 Building and Sites Bond, the board unanimously approved the resolution. The re-fund, or “refinance,” of the bond would mean a slightly reduced millage rate for taxpayers. The re-funding will only go through if market conditions remain favorable. [Full Story]