2018 Bond Basics

Ballot question 5B

Bonds are used for capital construction, but an easy trick is bond = building. Bonds allow Jeffco Schools to complete large projects – such as a major renovation or a new building – and pay them back over time. This is a common method of public finance for major projects. Jeffco Schools is asking the voters to approve a bond of no more than $567 million. You can read the ballot language here.

This bond package would benefit all schools in Jeffco. With additional capital dollars, Jeffco can provide healthier, safer schools and ensure quality classrooms for learning. The bond would provide increased career and technical learning opportunities at a dedicated facility. It would fund major investments in established schools and provide for new schools and expansions in high-growth areas. Approximately $23 million in capital transfer dollars will also be used annually to execute a total six-year Capital Improvement Program of up to $705 million.

If the $567 bond is approved by voters in November, the capital funds would be used as follows:

  • $354 million towards:
    • Projects at 99 elementary schools, 17 middle schools, 18 high schools, 3 Pre-K sites, and 20 Option schools
    • School safety and security, interior and exterior renovations, technology, furnishings, playgrounds, mechanical upgrades, and bringing schools into educational specification compliance
    • A new career and technical education site in south Jeffco.
    • Reduce the Jeffco Facility Condition Index (FCI) by 50%                                        
  • $110 million towards
    • Replace 3 schools
    • 7 elementary school additions
    • 7 middle school additions                                   
  • $56 million towards two new schools in the high-growth areas of Central Lakewood and Northwest Arvada.
  • $56 million to Charter schools                                           

No bond dollars will be used for administrative salaries. Jeffco's Capital Asset Advisory Committee will monitor the use of bond funds and the expenditures will also be subject to an annual audit by and external firm.

To learn more about how the district will use the funding and see exactly how schools in your area will benefit, visit the Jeffco Schools Bond information page and their Facility Facts page. You can also use this informative flipbook to review and share the details.

 

To continue to learn more about 5B, please see visit links:

5B Ballot Language

Citizen Oversight

What will they build at my school?

6-Year Capital Improvement Plan

Breaking Down the Bond

 


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