$10.63 per year per $100,000 of assessed property value
Public support of bonds
In November-December 2008, ASD conducted a public opinion survey* to gauge support for the 2009 school bonds. The majority of respondents said they would support both school bonds if they were placed on the April ballot. Bond survey results | Bond survey presentation(PDFs)
Support of the school bond package increased when survey respondents were told it was eligible for debt reimbursement from the state.
ASD retires, or pays off, a significant amount of existing bond debt each year.
This year the district will retire more than $46 million in bond debt before the April 2009 election
$40 million paid off in 2006-07
$44 million paid off in 2007-08
$47 million paid off in 2008-09
Over the next five years, the district will pay off $49.5 – 55.5 million of bonds each year for a total of $265 million
School ond
Proposition 1
$69,880,000
Funds addition, renewal and design at three schools, including Service High School
Addition and renovation
Designed and built in 1971 as a junior and senior high school (Service-Hanshew). Thirteen
years later, the junior high students moved to new facility and the high school program expanded to fill entire building. Since Service was built for two separate programs, the building’s layout is functionally inefficient and lacks flexible configuration. The district created a master plan in 2000 to renew the building through construction phases. To date, less than 50 percent of the facility’s 320,000 square feet has been renovated. Remaining areas for upgrade equal the size of three elementary schools.
Eagle River High School »
$2,500,000
Water and sewer line extension
This project will pay for the mandatory design and construction of 800 feet of water and 2,150 feet of sanitary sewer lines to Eagle River High School. Anchorage Water and Wastewater Utility previously allowed deferral of this project until the area south of the school was developed. The development is now scheduled for construction in 2010.
Girdwood K-8 School »
$680,000
Design
This project will complete the design for the school’s long-term needs and provide a cost basis for a future construction funding request. Previous voter-approved bonds funded development of a master plan.
School bond
Proposition 2
$27,480,000
Funds building systems renewal projects across the district and districtwide site selection
In FY 2008-09, the district budgeted $22.7 million from its General Fund for state-approved preventative maintenance. This money covers day-to-day expenses and maintenance projects. When larger projects arise, such as roof replacement or significant electrical or mechanical repair, much like a property owner requesting a home improvement loan, the district requests bonds in order to pay these substantial costs over time.
$69,880,000
