As we bring presentations to schools all over the St. Vrain Valley, here are the top ten questions we hear about issue 3A, the proposed bond to build, repair, and renovate buildings in our district.
10. What is a bond?
Bonds provide money for major repairs and renovations to existing school buildings, additions to schools, and new school buildings. The State of Colorado generally does not provide funds for these building projects. The proposed SVVSD bond is for 20 years. Bond dollars cannot be used for operating expenses.
9. Why is the district asking for another bond when they just passed one eight years ago?
The district looks forward about five years in its projections for capital needs. It isn’t financially wise to build schools too early if they would sit partly unused. They were able to wait eight years this time because of the downturn in the economy, but now the district is growing quickly with over 800 new students each year!
8. My school isn’t over capacity like some others in the district. Why should I pay for this?
Every school in the district will benefit from the bond, whether it receives additional classroom space, renovations to improve safety, or necessary large repairs to its aging systems, such as HVAC, electrical, or roofing needs. Large capital expenses such as these are usually addressed through bonds so that operating budgets can continue to be used for kids and teachers in the classrooms. Additionally, the bond would build an Innovation Center for all students to explore innovative programming that enhances their education. Proposed improvements to each feeder system are available on the district website.
7. Don’t the additional property tax revenues from all of the new housing developments pay for the cost to build new schools?
As new homes are built, property taxes on those homes do go to our school district. But these property tax revenues go towards the district’s operating budget. So in other words, these taxes fund what’s inside the schools, such as the new teachers, books, technology, desks, utilities, equipment, etc.
6. When more people move into the school district, does it bring in more bond money?
A bond is approved for a specific dollar amount by voters. So the increased number of households allows for the debt obligation to be spread over more taxpayers– so the tax impact to each household or business becomes less over time (as long as assessed valuations of property stay flat or increases).
5. Doesn’t the housing developer help pay for new schools?
State law prohibits requiring impact fees for the construction of school buildings. But it does allow for developers to donate land for schools or cash instead of land.
4. Why should we pass a bond when the administration gets so much money?
The St. Vrain Valley school district spends 2.67% of its general fund budget on central administration.
3. What is the tax impact of the bond–how much will it cost me?
The bond will cost taxpayers $1.82 per month per $100,000 of a home’s actual value. For a $300,000 home, the annual property tax impact would be about $65.
2. If the bond passes, when will the construction start?
The school district was able to use interest earned on the 2008 capital construction bonds to draw up architectural plans for the renovations and new buildings. If the measure passes, SVVSD is ready to hit the ground running on construction and get ahead of the school construction demand across the state. If the measure does not pass, the plans will be used at a later date.
And #1………. What about all of the marijuana money? Doesn’t that go to schools?
To find out, please watch and share our newest video, “The Marijuana Money Myth”!