PARCHMENT SCHOOL DISTRICT
A History of Parchment Bonds + Sinking Funds
The Parchment School District has a proud history of community support and investment in its schools. Through voter-approved bonds and sinking funds, the district has been able to grow, modernize, and create spaces that support student success. Below is a timeline of key projects made possible by these bonds and sinking funds:
2007: ENHANCING OPPORTUNITIES
In 2007, the community approved a bond to expand and upgrade district facilities, with a focus on Parchment High School and athletic resources: The bond funded:
-
Additions to Parchment High School, as well as remodeling, refurnishing, and re-equipping existing spaces.
-
Technology upgrades to support modern education.
-
Improvements to athletic fields, facilities, and surrounding sites.
2020: SINKING FUND RENEWAL
In 2020, voters approved a five-year sinking fund to address critical infrastructure and technology needs without increasing the overall tax rate. This fund, which expired with the 2024 levy, generated approximately $438,537 per year and supported:
-
Providing one-to-one student technology devices.
-
HVAC and plumbing system improvements.
-
School security upgrades.
-
Repairs and maintenance of school buildings
2026: BOND PROPOSAL
The Parchment School District is now asking the community to consider an upcoming bond in November. This bond focuses responsible allocation of district funds, student opportunities, and aligning district operations with current enrollment and community needs. Key proposed projects include:
-
Consolidating the district's footprint by closing the middle school and transitioning to dedicated grade-level centers that encourage collaboration and age-appropriate learning environments.
-
If approved, funds will transition Northwood to a K–2 building, expand North Elementary to a 3–6 configuration, and construct a new, separate 7th and 8th-grade wing at the high school.
How will the 3.95 mill net increase impact my taxes?
-
If the bond proposal is approved, the district will be able to sell bonds in the amount of $41 million resulting in an expected 3.95 mill increase over the current millage rate of 7.01 mills.
-
A "MILL" equates to 1/1000 (.001) of your tax-assessed value and is used for calculating property taxes. The tax-assessed value of your property is roughly half (1/2) of the market value of a property.