2012 Bond Summary

Bond Projects by Campus

Click here to download a summary of the 2012 Bond Projects by Campus

Ballot Language

General Obligation Bond

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?

Mill Levy Override

SHALL DENVER PUBLIC SCHOOLS (SCHOOL DISTRICT NO. 1) TAXES BE INCREASED BY $49 MILLION (FIRST FULL FISCAL YEAR DOLLAR INCREASE) ANNUALLY BY THE LEVY OF 4.86 MILLS OF ADDITIONAL PROPERTY TAXES FOR THE PURPOSE OF:

  • RESTORING AND ENHANCING ART, MUSIC, PHYSICAL EDUCATION AND OTHER ENRICHMENT PROGRAMS
  • INCREASING INSTRUCTIONAL SUPPORT SERVICES SUCH AS: TUTORING, SMALL GROUP INSTRUCTION, COUNSELING, AND COMMUNITY AND PARENT ENGAGEMENT
  • PROVIDING COMPUTERS, CLASSROOM TECHNOLOGY AND RIGOROUS CURRICULAR MATERIALS IN SUPPORT OF 21 ST CENTURY LEARNING
  • EXPANDING EARLY CHILDHOOD EDUCATION AND FULL-DAY KINDERGARTEN?