Security and Safety Upgrades
Did you know that the Anchorage School District (ASD) has more than 7 million square feet of facilities, has about 90 school and support buildings, and maintains the largest public facility footprint in the State of Alaska?
As Alaska’s largest public school system, the District’s priority is to create a safe and secure environment for students and staff. Extending the useful life of its buildings ensures that the buildings adequately support the educational needs of our students. 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 schools and support buildings—many built in the 1960s and 1970s, additional funds beyond the maintenance budget are occasionally required.
This is accomplished through its annual Capital Improvement Program, funded by Municipal Bonds which will appear on the April 4thballot, during the Municipal Election.
The ASD bond is Proposition 1 on this year’s ballot.
The 2023 School Bond proposition will support schools across the Municipality of Anchorage
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.
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)