School Bond Information, April 6, 2004 Election

Bond Proposal Development

• 6-Year Capital Improvement Plan
• Voter feedback from April 2003
• Capital Request Advisory Committee
• Administrative recommendation
• School Board and Assembly approval
• Final decision belongs to voters

Propositions 4, 5 & 6

• Proposition 4: Repairs, Renewals, Equipment: $36.4 million
• Proposition 5: Construction and Renovations: $95.8 million
• Proposition 6: Administration and Training Facility: $30 million

Check our Frequently Asked Questions page for more information

State Reimbursement

The Alaska Legislature authorized a school bond debt reimbursement plan in 2002 that provides 60 percent or 70 percent State reimbursement for local school improvement projects approved by voters through the end of 2004. Annual funding for the plan must be approved (appropriated) by each year's legislature and governor. Most of the projects contained in Propositions 4, 5 and 6 qualify for reimbursement. In total, the three propositions qualify to receive 59.7 percent State reimbursement.