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Sinking funds are voter-approved millages that generate revenue over time. While districts can legally use sinking funds for construction, repair, buses, and technology, sinking funds are not intended for large projects because revenue is not generated in a timely manner and does not generate the amount of revenue needed.
The sinking fund in Rockford is currently 0.4662 mills and generates just over one million dollars a year.
Voters would need to approve an increase in the sinking fund millage in order to expand the sinking fund. Expanding the sinking fund to the permissible 3 mills would generate approximately $6-9 million dollars a year.
While sinking funds can be part of the construction and maintenance of school district buildings, they do not generate the revenue needed for big projects. For example, our elementary air conditioning project is estimated to cost between $35-$40 million dollars. If the district were to ask and voters were to approve a 3 mill sinking fund, at an estimated $6-$9 million dollars generated per year, it would take 4-5 years to generate the funds needed to complete the air conditioning project. No revenue would be available for other needed projects or repairs since all revenue would be saved for the large project.
Since the sinking fund was approved by voters in 2019, the sinking fund has paid for the following projects:
- 2021 East Rockford Middle paving
- 2021 East Rockford Middle flooring
- 2024 East Rockford Middle elevator repair
- 2024 Valley View paving
- 2024 Roguewood asbestos abatement
Superintendent's Updates
Good afternoon,
At the Board of Education meeting this past Monday night, the following actions and reports were on the agenda:
- Rockford Education Association (REA - teachers and certified staff) wage agreement was ratified
- Rockford Education Support Personnel Association (RESPA - paraprofessionals, administrative assistants, custodians, food service, bus drivers) wage agreement was ratified
- There was the first reading of the fall policy update
- A stage turntable purchase was approved
- Two extra classroom sets of furniture were approved for Edgerton Trails
- Bond update report
- Student achievement report
The bond update highlighted information on the upcoming bond election. A proposal is on the ballot to approve continuing our millage rate at 7 mills for capital improvement projects. This proposal is a zero mill increase and continues the millage rate at 7 mills. By approving the continuation of our current rate, we will generate revenue to support maintaining our facilities and creating new opportunities for our students and community. There are a variety of projects that would be undertaken if this proposal is approved. The full list is on the district website, but highlights include:
- Air conditioning for our elementary buildings and Parkside Early Childhood Center (6 of 8 elementary buildings do not have air conditioning)
- Gyms for the four elementary buildings that do not have a separate gym and cafeteria
- Electronic door locks for all interior classroom doors
- Outdoor bathrooms and bleacher improvements at North and East Rockford Middle Schools
- Renovations to the Rockford High School Performing Arts Center
- Construction of the RAM Center - an indoor turf facility with instructional space for a new Beyond the Rock studio, graphic design classroom, and a student-run retail store
- Career and technical education (CTE) classroom expansion at Rockford High School
- Bus purchases on a regular cycle
More information is available at our district website: 2025 RPS Bond Proposal and Enhancement Millage Proposal - Our District - Rockford Public Schools
I would encourage you to get informed and to vote. Absentee ballots are available now. Election day is November 4.
Monday night’s student achievement report highlighted the progress that has been made by our students. We have worked hard over the past several years to sharpen our focus on teaching and learning. Our teachers collaborate now more than ever. We use data to make decisions about how to help students. And the results show that we are making progress.
Are we where we need to be? No. But we are continuing to make progress. 88% of our 8th grade students on the PSAT met or exceeded the standard in English Language Arts. Over 80% of our 11thgraders met or exceeded the standard in reading and writing on the SAT.
The fall play “Clue” will have four shows November 7, 8, and 9. Tickets are available now. Ludus - ROCKTIX
As always if you have questions or concerns, please feel free to reach out or to talk with me when you see me in the community.
Steve
Dr. Steve Matthews
Superintendent
Rockford Public Schools
Events
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29 Oct 2025
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Early ReleaseDate: Oct 29Calendar: RPS District Calendar
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12 Nov 2025
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Early ReleaseDate: Nov 12Calendar: RPS District Calendar
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26 Nov 2025
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Thanksgiving Breakthru Nov 28 2025Thanksgiving BreakDate: Nov 26 - Nov 28Calendar: RPS District Calendar
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10 Dec 2025
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Early ReleaseDate: Dec 10Calendar: RPS District Calendar
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22 Dec 2025
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Winter Breakthru Jan 4 2026Winter BreakDate: Dec 22 - Jan 4Calendar: RPS District Calendar
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19 Jan 2026
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No School - All Staff PDDate: Jan 19Calendar: RPS District Calendar
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4 Feb 2026
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Early ReleaseDate: Feb 4Calendar: RPS District Calendar
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