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Salida School District Bond Measure (November 2012)

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A Salida School District Bond question was on the November 6, 2012 election ballot in Chaffee and Fremont Counties, which are in Colorado, where it was approved.

This question authorized Salida School District to issue up to $9,665,000 in general obligation bonds with a repayment cost of up to $14,985,000 in order to qualify for not less than $4 million in state grant money and in order to fund the construction of a new facility for Longfellow Elementary School. This debt would be paid by an increase of taxes by up to $785,000 per year.[1]

Election results

Salida School District Bond, Question 3A
ResultVotesPercentage
Approveda Yes 3,153 56.74%
No2,40443.26%

Election results from Chaffee County Current Election Results Summary and Fremont County Current Election Results Summary.

Text of measure

Language on the ballot:

SHALL SALIDA SCHOOL DISTRICT NO. R-32-J DEBT BE INCREASED UP TO $9,665,000 WITH A REPAYMENT COST OF UP TO $14,985,000 AND SHALL DISTRICT TAXES BE INCREASED BY UP TO $785,000 ANNUALLY. SOLELY TO PROVIDE LOCAL MATCHING MONEY REQUIRED FOR AN AWARD OF NOT LESS THAN $4 MILLION OF STATE FINANCIAL ASSISTANCE UNDER THE BUILDING EXCELLENT SCHOOLS TODAY (BEST) PROGRAM FROM EITHER THE 2012 OR 2013 GRANT APPLICATION YEARS (WHICH FINANCIAL ASSISTANCE IS NOT REQUIRED TO BE REPAID AND WILL BE CONTINGENT UPON THE PASSAGE OF THIS BALLOT ISSUE) FOR THE PURPOSE OF PAYING THE COSTS OF: CONSTRUCTING A REPLACEMENT FACILITY FOR LONGFELLOW ELEMENTARY SCHOOL; BY THE ISSUANCE AND PAYMENT OF A GENERAL OBLIGATION BAOND, WHICH DEBT SHALL BEAR INTEREST, MATURE, BE SUBJECT TO REDEMPTION, WITH OR WITHOUT PREMIUM, AND BE ISSUED TO THE STATE OF COLORADO 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 AND IN AN AMOUNT SUFFICIENT TO PAY THE PRINCIPAL OF, PREMIUM, IF ANY, AND INTEREST ON SUCH DEBT AND TO FUND ANY RESERVES FOR THE PAYMENT THEREOF?

YES

NO[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 Chaffee County Elections, Bayfield Sample Ballot
  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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