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2008 Ballot Language

2008 Ballot Question [3A]

SHALL ADAMS 12 FIVE STAR SCHOOLS TAXES BE INCREASED BY $9.9 MILLION ANNUALLY AS NEEDED TO PROVIDE FUNDS TO CONTINUE TO DELIVER A HIGH QUALITY EDUCATION TO DISTRICT STUDENTS, INCLUDING BUT NOT LIMITED TO THE FOLLOWING:

  • RETAIN HIGH QUALITY TEACHERS
  • CONTINUE ACADEMIC ACHIEVEMENT IN READING, WRITING, MATH AND SCIENCE
  • MAINTAIN THE DISTRICT'S RIGOROUS GRADUATION REQUIREMENTS
  • MEET THE NEEDS OF SECOND LANGUAGE LEARNERS
  • OFFSET THE INCREASED COST OF UTILITIES, FUEL AND HEALTH CARE
  • LIMIT CLASS SIZE INCREASES, MAINTAIN INDIVIDUALIZED TEACHER SUPPORT FOR STRUGGLING STUDENTS, CONTINUE CURRENT BUS TRANSPORTATION SERVICES, AND PROVIDE UP-TO-DATE TEXTBOOKS AND EDUCATIONAL TECHNOLOGY FOR STUDENTS
  • EXPAND THE CURRENT SENIOR CITIZEN TAX WORK-OFF PROGRAM TO MORE SENIOR CITIZENS FOR A MINIMUM OF THREE YEARS

BY AN ADDITIONAL PROPERTY TAX LEVY AT A RATE SUFFICIENT TO PRODUCE THE AMOUNT SPECIFIED ABOVE, WHICH TAXES SHALL BE DEPOSITED INTO THE GENERAL FUND OF THE DISTRICT AND SHALL BE IN ADDITION TO THE PROPERTY TAXES THAT OTHERWISE WOULD BE LEVIED FOR THE GENERAL FUND; AND SHALL ANY EARNINGS FROM THE INVESTMENT OF SUCH TAXES BE A VOTER-APPROVED REVENUE CHANGE THAT THE DISTRICT MAY COLLECT, RETAIN AND EXPEND WITHOUT LIMITATION UNDER ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION (TABOR) OR ANY OTHER LAW?

2008 Ballot Question [3B]

SHALL ADAMS 12 FIVE STAR SCHOOLS DEBT BE INCREASED BY $80 MILLION, WITH A MAXIMUM REPAYMENT COST OF $181 MILLION, AND SHALL DISTRICT TAXES BE INCREASED BY $38.8 MILLION ANNUALLY TO PAY FOR:

  • BUILDING TWO NEW ELEMENTARY SCHOOLS TO ACCOMMODATE GROWTH
  • DEFERRED MAINTENANCE NEEDS OF EXISTING SCHOOLS
  • RENOVATING EXISTING SCHOOLS
  • INSTRUCTIONAL TECHNOLOGY UPGRADES AT EXISTING SCHOOLS
  • SECURITY UPGRADES AT EXISTING SCHOOLS
  • CONTINUED PLAYGROUND UPGRADES
  • PURCHASING LAND FOR NEW SCHOOLS

AND OTHERWISE ACQUIRING, IMPROVING, EQUIPPING AND FURNISHING BUILDINGS AND OTHER PROPERTY, BY THE ISSUANCE AND PAYMENT OF GENERAL OBLIGATION BONDS, INSTALLMENT OR LEASE PURCHASE AGREEMENTS OR OTHER MULTIPLE FISCAL YEAR OBLIGATIONS WHICH MAY BE USED AS MATCHING MONEYS FOR FINANCIAL ASSISTANCE FROM THE STATE UNDER THE BUILDING EXCELLENT SCHOOLS TODAY ACT, WHICH DEBT SHALL BEAR INTEREST AT A MAXIMUM NET EFFECTIVE INTEREST RATE NOT TO EXCEED 6-1/2% AND MATURE, BE SUBJECT TO REDEMPTION, WITH OR WITHOUT PREMIUM, AND BE ISSUED, DATED AND SOLD AT SUCH TIME OR TIMES, AT SUCH PRICES (AT, ABOVE OR BELOW PAR) AND IN SUCH MANNER AND CONTAINING SUCH TERMS, NOT INCONSISTENT HEREWITH, AS THE BOARD OF EDUCATION MAY DETERMINE; SHALL AD VALOREM PROPERTY TAXES BE LEVIED IN ANY YEAR, WITHOUT LIMITATION AS TO RATE OR AMOUNT OR ANY OTHER CONDITION, TO PAY THE PRINCIPAL OF, PREMIUM, IF ANY, AND INTEREST ON SUCH DEBT AND TO FUND ANY RESERVES FOR THE PAYMENT THEREOF; AND SHALL ANY EARNINGS FROM THE INVESTMENT OF THE PROCEEDS OF SUCH DEBT AND SUCH TAXES BE A VOTER-APPROVED REVENUE CHANGE THAT THE DISTRICT MAY COLLECT, RETAIN AND EXPEND WITHOUT LIMITATION UNDER ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION (TABOR) OR ANY OTHER LAW?