District 50 Board Places Bond, Mill Levy on November Ballot
With a unanimous vote, the District 50 Board of Education took steps Tuesday night to place two measures on the November 4 ballot asking voters to raise $22.5 million to support academic improvement and building upgrades across the district.
The request for a modest tax increase comes after lengthy discussions with community leaders and with the full support of the independent District 50 Financial Oversight Committee.
“We believe this is the right decision for our students and the community as a whole,” said Superintendent Pamela Swanson. “We are clearly on the right path in terms of academic achievement and we have stretched our dollars as far as they will go. Voters need to rally around this effort.”
District 50 cut almost $4 million dollars from the 2014/15 budget after voters turned down a $5.25 million mill levy override last fall. The last mill levy override was passed in 2001 and the last bond election was approved in 2006.
The Bond Proposal
(2 dollars per month per $100,000 of assessed property valuation) would raise $20 million to upgrade safety and security features in schools and add air conditioning to the five elementary schools without air conditioning. In addition, the money would be used to renovate facilities providing students’ access to Science, Technology, Engineering and Math (STEM) classes to prepare students for jobs of the future. Funds would also be available to match state funds as part of the Building Excellent Schools Today (BEST) program.
The Mill Levy Override
(3 dollars per month per $100,000 of assessed property valuation) would raise $2.5 million a year to support academic programming focused on Science, Technology, Engineering and Math (STEM) as well as practical vocational training. The funds would offset future budget cuts that impact classroom sizes and arts, theater and music programs. The dollars would keep highly qualified teachers in the classroom and support the continued implementation of the district’s successful Competency Based System (CBS).
Ballots for the November 4 election will be mailed to registered voters the week of October 13.
Voters can register online at: www.govotecolorado.com