Bonds

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.

 

Projects include:

  • 9 roof replacements
  • 18 security camera upgrades
  • 4 building intercom replacements
  • 2 seismic upgrades
  • 8 safety upgrades
  • 3 energy upgrades
  • 2 mechanical upgrades
  • 3 electrical upgrades
  • 1 exterior waterline replacement
The bond proposition will also fund:
  • Districtwide seismic study
  • Replacement of 27 school buses
  • Mt. Iliamna design
  • Whaley design

 

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.

 

View the  list of all projects on the proposed bond

 

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.

 

Downloads

 

Paying off debt

CalculatorIn 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.

 

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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