Anchorage School District logo ASD Online -- The Website of the Anchorage School District
Site Index | Site Options | Contact Us
Home | Schools | Departments | About ASD | School Board | myASD

School Bond Information

April 4, 2006

In April 2006 Anchorage area voters decided whether to approve three bonds for school construction and renovation.

Related documents:
Anchorage School District - April 4, 2006 Bonds
School Bonds in the News
Review local media coverage
April 2006 ASD Bonds

State Debt Reimbursement

Many of the projects on these three school bond propositions qualified for at least 60 percent state reimbursement funding throughout the 20-year life of the bonds. The yearly funding of the reimbursement plan is subject to annual legislative appropriation. Click here to review a year-by-year history of how much debt reimbursement the state has provided in the past.

 

School Bond
Proposition 9

ASD Bond Proposition 9 failed
$20,890,000
Major maintenance repair projects across the district and site acquisition for future schools
  • Districtwide code upgrades, hazardous material abatement, fire sprinkler and ADA upgrades, and mechanical and electrical upgrades
  • Roof replacement and repair projects
  • Security system upgrades and emergency communications systems
  • Repair and renewal of the old auxiliary gym at Dimond High School, bringing it up to code. Dimond High is overcrowded, and parts of the old gym would be used for additional instructional space — if renovated. The fire marshal has banned school use of parts of the old gym until code upgrades are completed.
  • This bond is approved for 31.8% state debt reimbursement, subject to annual legislative appropriation, which reduces the local cost of this bond to $14.3 million

Project breakdown of Proposition 9 »

Tax impact of propositions »

 

School Bond
Proposition 10

ASD Bond Proposition 10 failed
$30,775,000
Renovate and expand two elementary schools, and design and plan several other school renewal projects
  • Chester Valley, built in 1964, would be completely renewed, including addition of gym and art classroom
  • Sand Lake, built in 1958, would be completely renovated and have classrooms added
  • Bond will fund design of Phase I of Clark Middle School (1959) renewal
  • Bond also funds planning and design for Girdwood, Inlet View, Romig and a new southwest Anchorage-area elementary school
  • This bond is approved for 31.9% state debt reimbursement, subject to annual legislative appropriation, which reduces the local cost of this bond to $21.0 million

Project breakdown of Proposition 10 »

Tax impact of propositions »

 

School Bond
Proposition 11

ASD Bond Proposition 11 failed
$48,200,000
High school renovation projects
  • Funds construction of next major phases of renovation at Bartlett, Chugiak, East and Service high schools
  • Provides funds for initial planning of a renewal for West High School
  • High school renovations are scheduled in phases, section by section, over several years to allow staff and students to remain in school during the renovation
  • ASD asks voters to consider funding individual phases of renovation as work progresses
  • This bond is approved for 52.4% state debt reimbursement, subject to annual legislative appropriation, which reduces the local cost of this bond to $22.9 million

Project breakdown of Proposition 11 »

Tax impact of propositions »

 



Building and maintaining schools are an investment by the community, and, like any investment, there is a cost. The state reimbursement that could have been approved for each of these bonds would have reduced the cost to local taxpayers; funding of the state reimbursement plan is subject to annual legislative appropriation. For every $100,000 of assessed property value, and with state reimbursement, Props 9, 10 and 11 combined would have cost $18.85 a year to retire the bonds and $1.68 a year for operation and maintenance of the added facility space.

• No school bonds were on the ballot in 2005 •
• $39.0 million in bond principal debt is being retired in FY 2005-2006 •
• $39.9 million in bond principal debt will be retired in FY 2006-2007 •

 

Use our bond comment box to send comments or questions.If you have comments or questions regarding these bonds, call 907-742-4153 or e-mail us using our Bond comment box

 


More election information
Municipality of Anchorage
State of Alaska

Anchorage School District logo