School Bond Information
State Debt Reimbursement for School Bond Debt
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Propositions 2 and 3 qualify for reimbursement funding from the state, which reduces the need for local taxes. The legislature
has approved a debt reimbursement plan that will provide 60 percent reimbursement for Proposition 2 and 70 percent reimbursement for the districtwide repair and restoration projects. This plan is subject to the annual legislative appropriation process, just like all other state spending. However, it’s important to note the legislature has funded 100 percent of the state’s debt obligation since 1992.
Building and maintaining schools is an investment made by the community. Local cost of both propositions, with reimbursement, is $4.27 per year per $100,000 of assessed property value.
| Fiscal Year |
Eligible for reimbursement
(State commitment) |
Legislative appropriation
(Actually funded) |
Percent of eligible amount
that was actually funded |
| 1976 |
$9,242,312 |
$8,810,500 |
95.33% |
| 1977 |
$10,107,336 |
$9,051,600 |
89.55% |
| 1978 |
$11,408,304 |
$11,408,304 |
100% |
| 1979 |
$27,868,182 |
$22,273,300 |
79.92% |
| 1980 |
$30,823,133 |
$24,081,000 |
78.13% |
| 1981 |
$38,380,174 |
$38,380,174 |
100% |
| 1982 |
$38,262,156 |
$38,262,156 |
100% |
| 1983 |
$60,772,910 |
$56,169,700 |
92.43% |
| 1984 |
$90,600,074 |
$90,600,074 |
100% |
| 1985 |
$93,161,981 |
$93,161,981 |
100% |
| 1986 |
$109,707,936 |
$106,315,600 |
96.91% |
| 1987 |
$125,272,615 |
$115,845,000 |
92.47% |
| 1988 |
$118,701,313 |
$109,472,700 |
92.23% |
| 1989 |
$118,469,048 |
$110,193,451 |
93.01% |
| 1990 |
$113,923,479 |
$107,374,886 |
94.25% |
| 1991 |
$123,959,155 |
$116,276,078 |
93.80% |
| 1992 |
$127,245,080 |
$127,245,080 |
100% |
| 1993 |
$124,948,218 |
$124,948,218 |
100% |
| 1994 |
$98,648,541 |
$98,648,541 |
100% |
| 1995 |
$93,742,116 |
$93,742,116 |
100% |
| 1996 |
$79,212,669 |
$79,212,669 |
100% |
| 1997 |
$62,476,074 |
$62,476,074 |
100% |
| 1998 |
$61,639,666 |
$61,639,666 |
100% |
| 1999 |
$61,990,844 |
$61,990,844 |
100% |
| 2000 |
$64,349,790 |
$64,349,790 |
100% |
| 2001 |
$52,098,690 |
$52,098,690 |
100% |
| 2002 |
$54,057,200 |
$54,057,200 |
100% |
| 2003 |
$51,969,968 |
$51,969,968 |
100% |
| 2004 |
$60,592,525 |
$60,592,525 |
100% |
| 2005 |
$72,025,177 |
$72,025,177 |
100% |
| 2006 |
$81,695,195 |
$81,695,195 |
100% |
| 2007 |
$87,424,109 |
$87,424,109 |
100% |
 If you have comments or questions regarding these bonds, call 907-742-4153 or e-mail us using our Bond comment box
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