Ongoing ASD Maintenance Work
ASD has more than 7.8 million square feet of facilities and maintains the largest public facility footprint in the State of Alaska. As Alaska’s largest public school district, ASD budgets nearly $21 million annually for building and preventive maintenance. A quality school’s functional life, without major renewal, ranges from 30 to 50 years. However, for ASD’s 86 school buildings—many built in the population boom of the 1960s and 1970s, additional funds beyond the maintenance budget are required.
The 2023 School Bond proposition will support schools across the Municipality of Anchorage
Cost to Taxpayer
The approximate amount of annual taxes on $100,000 of assessed property valuation to retire the proposed debt of $37.787 million is $8.03.
Paying Off Debt
As of June 30, 2022, the District had $462 million of outstanding bonds. In the last two fiscal years, ASD has paid off $110.19 million of debt. During that time, the District has not received any new voter authorization to additional debt to fund capital improvements.
Over the past five years, the District refunded $214.9 million in existing debt at an improved rate, reducing the overall debt service by nearly $24.9 million. This includes $30.85 million that was refunded in December 2021, which resulted in an additional $4.9 million in savings.
In the next five years, the District anticipates paying off approximately $197.81 million in principal, averaging about $39.56 million each year.
Vote by mail before Tuesday, April 4
Voted ballots must be postmarked no later than Election Day
or returned to a secure drop box or accessible vote center by 8 p.m.
Questions? Call the Voter Hotline at 907-243-VOTE (8683)