Denver Public Schools District Bond Question (November 2012)

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A Denver Public Schools District Bond question was on the November 6, 2012 election ballot in Denver County, which is in Colorado, where it was approved.

This question authorized the Denver Public Schools District to issue $466 million in general obligation bonds with a repayment cost of $738. These bonds would be paid through the increase of taxes by up to $47.9 million per year. These funds would be used to improve the teaching and learning environment in various ways including repair and maintenance of buildings, increased health and safety improvement, increased technology as well as other improvements to the District.[1]

Election results

Referred Question 3B
ResultVotesPercentage
Approveda Yes 163,735 63.53%
No93,99836.47%

Election results from Denver County Current Election Results Summary

Text of measure

Language on the ballot:

SHALL DENVER PUBLIC SCHOOLS (SCHOOL DISTRICT NO. 1) DEBT BE INCREASED $466 MILLION, WITH A MAXIMUM REPAYMENT COST OF $738 MILLION, AND SHALL DISTRICT TAXES BE INCREASED BY A MAXIMUM OF $47.9 MILLION ANNUALLY TO ACQUIRE, CONSTRUCT AND IMPROVE CAPITAL ASSETS TO IMPROVE THE TEACHING AND LEARNING ENVIRONMENT BY:

• MAINTAINING, REPAIRING AND RENOVATING EXISTING SCHOOL BUILDINGS • ADDRESSING CRITICAL HEALTH, SAFETY AND SECURITY CONCERNS IN DISTRICT SCHOOL BUILDINGS AND IMPROVING THEIR ENVIRONMENTAL SUSTAINABILITY • PROVIDING TECHNOLOGY FOR 21ST CENTURY LEARNING • CONSTRUCTING ADDITIONS AND MAKING IMPROVEMENTS TO EXISTING SCHOOLS AND CONSTRUCTING NEW BUILDINGS TO REDUCE OVERCROWDING • ACCOMMODATING THE EXPANSION OF EARLY CHILDHOOD EDUCATION AND FULL-DAY KINDERGARTEN BY THE ISSUANCE AND PAYMENT OF GENERAL OBLIGATION BONDS, WHICH SHALL BEAR INTEREST, 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; AND SHALL AD VALOREM PROPERTY TAXES BE LEVIED IN ANY YEAR, WITHOUT LIMITATION AS TO RATE, TO PAY THE PRINCIPAL OF, PREMIUM, IF ANY, AND INTEREST ON SUCH BONDS AND TO FUND ANY RESERVES FOR THE PAYMENT THEREOF?[1][2]

Statewide

A 2013 statewide measure, Amendment 66, would authorize Colorado to increase taxes with an expected revenue increase of $950 million for school funding.[3]

See also


References

  1. 1.0 1.1 Denver County Elections, Tabor Notice
  2. Note: This text is quoted verbatim from the original source. Any inconsistencies are attributed to the original source.
  3. Colorado Amendment 66



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