Frequently Asked Questions about the 2016 Bond
- What does the approved bond include?
- When does my school get improvements?
- Did this bond raise my tax rates?
- How do I know this money is being spent the way it was promised?
- How do I find out if my child will attend the new school being built in the Anthem community?
- Where will the new Career and Technical Education campus be located and what programs will it offer?
- Did the bond help fund the new Stargate School campus?
- Does the bond provide funding to district charter schools?
Adams 12 Five Star Schools has developed a timeline for when parents and community members can expect to see bond-related improvements at their school. This timeline takes into account six primary considerations: deferred maintenance, delivery capacity, cost efficiency, overcrowding, programming needs and balance. Click here to view the timeline and learn more about how it was developed.
Adams 12 Five Star Schools passed the $350 million bond without raising tax rates. You pay several different taxes on your property tax bill, including local and state services. One is a bond tax for school districts, which was not raised in order to borrow more money. The phrase "tax rate" is key because your property taxes will go up or down based on the market, which may change the amount of money you pay on taxes, but the new bond would not increase the tax rate.
The district has refinanced its current bond funding to create more space to borrow. Similar to refinancing your personal mortgage on your home, we are able to refinance our bond capacities to borrow more at a lower rate without changing the payments.
Per TABOR laws, school districts have to get community approval to borrow money, even if it will not increase tax rates. Almost like getting a co-signer on a mortgage. Or like a teenager wanting to buy a car but needs dad to co-sign. The district needs the community to approve the borrowing of money.
We realize the trust you have placed in our district with the passage of this bond. We are committed to transparency and accountability. The district's existing Long Range Facility Planning Advisory Committee, in addition to its planning and advisory role, has taken on an additional role as an oversight committee for the 2016 Bond Program. They will receive monthly bond project bond updates, review financial expenditures to ensure they align with what was approved by voters and provide regular reports to the Board of Education.
We began the process in March 2017 of developing a new attendance boundary to accommodate the planned opening of the new Anthem P-8 school in Fall 2018. In addition, the boundary process will seek to address boundary adjustments made in the northern part of the district (north of East 136th Avenue and west of Interstate 25) over the past three years due to overcrowding. As part of this process, you will have the opportunity to view and respond to proposed boundary scenarios during a series of public meetings later this year. A final decision is expected in December 2017. Please click here to learn more about the boundary planning process.
Where will the new Career and Technical Education campus be located and what programs will it offer?
We are currently in the process of identifying potential locations to build a second Career and Technical Education campus. While we have not announced a site yet, it strategically makes sense to have it located in the central part of our district to reduce travel times for high school students in the northern portion of our district taking CTE classes. We are engaging parents, students, staff, community members and business leaders on what programming they would like to see us offer and expand in the existing Bollman Technical Education Center and also bring to a new CTE campus. It is important to us that the programming choices we offer on both of these campuses not only reflect the needs and wants of our district community but also give our students the chance to take advantage of training for in-demand career opportunities.
No, Adams 12 Five Star Schools did not help fund the new Stargate School campus. Stargate School is a district charter school that has been serving students since 1994. The charter school worked with the investment group Colorado Bond Shares to procure a loan to build its new campus which opened August 2016. Over the course of the next 30 years, the school will pay off the loan using funds from its own operating budget.
Adams 12 Five Star Schools charter schools will receive a percentage of the bond. Funding received is based on a per-pupil allocation formula that is built on the number of in-district students the school serves minus the capital construction funding they may already receive from the state. Formula: (Bond Amount * Space Offset / In-District Pupils) – (Capital Construction Assistance * Years) = Per Pupil Allocation.
Since the Five Star District is not responsible for ongoing charter school facility maintenance, charters are given one-time funding. Like all schools, charters can only use bond funding for capital expenditures like new buildings, maintenance, etc. It cannot be used for operational costs like salaries or instructional materials. To determine what facility needs charters will address with bond funding, see the flyers below or contact the charter schools directly.
Read about the bond proposals for charter schools.