Bonds

$59.3 million bond to improve 8 schools

How will the proposed bond affect your neighborhood?

 

The 2015 municipal election ballot will include one Anchorage School District bond proposition. The $59.3 million bond package was approved for the ballot by the Anchorage Assembly last month (item 14HY) and will be put before voters on April 7. View ASD Memorandum #46: Approval of FY 2014-2015 Bond Proposal here.

 

 

Eight schools in Anchorage and Eagle River are proposed for improvements. 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 remain as-is

 

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 remain as-is

 

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 remain as-is

 

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 remain as-is

 

Take a tour of Mountain View!

 

   

 

 

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

 

There is a proposed bill in the current legislative session, SB 64, that would eliminate the debt reimbursement program. Track SB 64 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