Bonds

2014 school bond

Thank you voters‌‌

Proposition 1 will fund projects at 19 schools

 

$57.2 million bond package will fund improvements at 19 schools in Anchorage, Girdwood, Chugiak and Eagle River.

 

19 schools slated for improvement

The 2014 municipal election ballot will include one Anchorage School District bond proposition. The $57.2 million bond package was approved for the ballot by the Anchorage Assembly last month and will be put before voters on April 1.

 

Nineteen schools in Anchorage, Chugiak and Eagle River are proposed for improvements along with the ASD student nutrition building. The following is a breakdown of what voters will evaluate this spring:

 

  • Airport Heights Elementary School addition/renovation design and construction – $22.8 million
  • Planning and design projects – $5.9 million
  • Renewal and building life extension projects – $28.5 million

 

The bond proposition, if passed, would mean that the average Anchorage homeowner would pay roughly $4.86 for every $100,000 of assessed property value per year when including state reimbursement for the projects. Without state reimbursement, homeowners would pay approximately $13.86 per $100,000 of assessed property value.

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Airport Heights Elementary School

All schools on this proposed bond have been determined by the district to have the greatest need but Airport Heights Elementary School's need is significant:

  • The school is in need of a multi-purpose room, and dedicated art, health and music rooms.
  • The school lacks sufficient space to support special education students with intensive needs.
  • Building mechanical, electrical, plumbing and control systems are in need of renewal or replacement. 
  • Once improved, the building would serve the students and the community for the next 40 years.

 

Determining building needs

Two different tools are used to determine the necessity of funds and improvements for all ASD buildings. Schools on the recommended list are ones determined by the district as having the greatest need.

 

  • Facility Condition Index (FCI)
    The FCI shows deficiencies in building systems such as roofs, boilers, windows and similar items. This may be thought of as the physical condition of the building and its components.
  • Educational Adequacy (EA)
    The EA shows deficiencies in instructional capabilities such as teaching spaces, special purpose areas and other spaces. This may be thought of as the functional use of the building and whether the space is appropriate for the instructional activities within it.

 

Every year, the FCI and EA for each facility are updated to include the latest changes in building conditions. Reviewing these assessments allows the district to identify which buildings have the greatest needs.

 


Retired debt

$259 million in bond debt retired

Calculator‌As of January 2014, the district has paid off $258.9 million of bond debt in the last five fiscal years. In the next five years, the district will be paying off an additional $281.1 million.

 

Debt reimbursement

‌State has history of supporting ASD

Graph 8_64x64‌The 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.

 

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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