Bond proposal for April 2016
The 2016 school bond proposal (Proposition 1) was defeated by voters. See the election results.
In an effort to understand why voters did not support the school bond proposition, the district conducted a post-election survey. The survey results will be thoroughly reviewed as the district considers the next steps it may take in order to address building needs.
The Anchorage School District is committed to providing safe, secure and properly functioning schools and facilities for our students and employees. The 2016 bond proposition included projects at 37 schools and one support facility.
|The bond proposition will also fund:
If approved, property owners would have paid approximately $10.86 for every $100,000 of assessed property value. The state placed a moratorium on the debt reimbursement program, making local property owners responsible for the full cost of the bond.
The 2016 bond is almost $9 million below the amount of the debt the ASD will retire in 2016. As ASD pays down debt, the local mill rate is projected to decline by 0.2% in 2016. Savings from this reduction will cover $33.9 million in principal and interest of the $59.25 million bond approved by voters in April 2015, of which the district will not receive any state reimbursement.
Read the board memo and a detailed outline of project costs and taxpayer responsibility, if approved by voters, or review ASD's six-year capital improvement plan.
Paying off debt
In the last five years:
$247 million - voter-approved bonds
$279.4 million - paid off
($32 million) - debt reduction
Over the next five years, the district will pay off approximately $56 million in bond debt each year, totaling about $280 million.
As of November 2015, ASD has the lowest amount of debt since 2004-05.
Bonds on Facebook
Informational materials are paid for by the Anchorage School District
Ed Graff, Superintendent
5530 E. Northern Lights Blvd.
Anchorage, Alaska 99504