Bonds

T‌hank you, voters!

Thank you for your unwavering support of public education and the Anchorage School District’s bond proposal. Thank you for understanding the need to keep our schools in good shape and functional for decades to come.

 

Your vote affirms the district is on the right track in its efforts to put forward responsible, needs-based projects. I know these school improvements will make a positive difference for our students and our community.

 

As superintendent, I will remain committed to ensuring that these bond projects are responsibly managed, so that when they’re completed, the schools will make everyone proud.

 

Thank you for your support and continued investment in our students, schools and community.

 

Ed Graff

Superintendent

 

$59.3 million bond to improve 8 schools

The 2015 municipal election ballot included one Anchorage School District bond proposition. The $59.3 million bond package was approved for the ballot by the Anchorage Assembly in November (item 14HY) and approved by voters during the April 7 municipal election. View ASD Memorandum #46: Approval of FY 2014-2015 Bond Proposal here.

 

Eight schools in Anchorage and Eagle River are proposed for improvements. Detailed information about each project may be found by visiting the ASD Facilities page. Improvements to Mountain View and Rabbit Creek Elementary will begin this summer, and improvements to Turnagain and Gladys Wood Elementary will begin next summer. The following is a breakdown of what voters will evaluate this spring:

 

Elementary schools (4)

Four elementary schools will receive significant renovation to extend the life of the buildings. These projects qualify to be reimbursed by the state for 60 percent of the costs:

 

Right arrow

Gladys Wood

 

$17.8 million

 

Right arrowTurnagain

 

 $15 million

Objectives:

    • Enclose and expand classrooms
    • Add art, health and resource classrooms
    • Enclose the library
    •  More »

How the school will be affected:

    • 82% of the facility will be renovated
    • 13% of the facility will be expanded
    • 5% of the facility will receive minor renovation

 

Take a tour of Gladys Wood!

 

 Objectives:

    • Replace flooring, ceiling, walls and doors
    • Renovate library, art, health and entrance areas
    • Improve front office security
    •  More »

How the school will be affected:

    • 90% of the facility will be renovated
    • 3% of the facility will be expanded
    • 7% of the facility will receive minor renovation

 

Take a Tour of Turnagain!

 

   
   
   

Right arrowMountain View

 

 $13 million

Right arrowRabbit Creek

 

$11.5 million

 Objectives:

    • Replace flooring, ceilings, walls and doors
    • Renovate primary bathrooms
    • Improve front office security
    •  More »

How the school will be affected:

    • 77% of the facility will be renovated
    • 23% of the facility will receive minor renovation

 

Take a tour of Mountain View!

 

Objectives:

    • Relocate main office to face visitor entrance
    • Replace flooring, ceilings, walls and doors
    • Replace roof section
    •  More »

How the school will be affected:

    • 79% of the facility will be renovated
    • 2% of the facility will be expanded
    • 19% of the facility will receive minor renovation

 

Take a tour of Rabbit Creek!

 

   

 

 

Additional proposed projects (4)

Four additional schools that have emerging needs also have projects on this school bond. These project qualify to be reimbursed by the state for 60 percent of the costs.

 

Right arrowWest High School

 

 

 

Right arrowFire Lake Elementary

 

 

Roof soffit in pool area

Roof replacement

   
   

Right arrowEast High School

 

 


Right arrowInlet View Elementary

 

 

Bus loop

Domestic water supply


Thank you voters

 Here is an  update on the projects your approved school bonds have supported.

 Thank you voters

 ‌

Paying off debt

Calculator$269.6 million paid off in the last five years

 

‌As of January 2014, the district has paid off $269.9 million of bond debt in the last five fiscal years. In the next five years, the district will be paying off an additional $282 million. That's approximately $56.4 million each year.

 

 

Debt reimbursement

Graph 8_64x64

Lower cost to homeowners

 

These project costs are eligible for 60-70 percent reimbursement from the state. State reimbursement means the average homeowner will pay roughly $5.59 for every $100,000 of assessed property value per year. The state legislature has fully funded the state's debt obligation for each year for more than 30 years. This program significantly lowers the principal project costs to taxpayers. Without state reimbursement, homewoners would pay approximately $14.11 per $100,000 of assessed value.

 

State has history of supporting ASD

 

‌The majority of the projects in the 2013 bond package qualified for 60-70 percent state debt reimbursement or matching grants. Find the history of state debt reimbursement since 1976.

 

Proposed bill

 

SB64 has passed both the House and the Senate but as of Election Day, Tuesday April 7, had not been transmitted to Governor Walker.  A bill normally takes effect 90 days after it is signed by the Governor but bills can have different or even retroactive effective dates if approved by a 2/3 majority in both houses. SB64 has an immediate effective date provision and language in the bill attempting to make it retroactive to January 1, 2015, which would mean that the April bonds would not be eligible for reimbursement.  However the House failed to get the required 2/3 vote on the immediate effective date provision.  There is also a legal question whether the Legislature can change the rules after a public vote by the citizens of Anchorage.   

 

Track SB64 through the legislative process.

 

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Informational materials are paid for by the Anchorage School District

Ed Graff, Superintendent

5530 E. Northern Lights Blvd.

Anchorage, Alaska 99504