Denver Ballot Issue 4B Debt Free School Bond
Referred Measure 4B: Debt Free School BondTitle: Without imposing any new tax shall Denver Public Schools debt be increased to $795 million with a maximum repayment cost of not more than $1,500 million.Background: The Denver Public Schools is proposing a bond issue to raise money for capital building projects and upgrades to existing school buildings.A bond issue affects the taxes a property owner pays. The last DPS bond issue was approved by voters in 2016, and it raised an estimated $572 million for capital construction.The 2020 proposal will raise an estimated $795 million. The amounts in parentheses after major provisions are the money proposed to be spent on each goal.Major Provisions:Allow the Denver Public Schools to sell bonds to raise $795 million dollars to build and maintain schools. The funds would be allocated:For maintenance of existing DPS facilities ($208 million)To address ongoing capacity needs and include new schools in growing parts of Denver ($65 million)To create quality learning environments ($65 million)For air conditioning for 24 schools ($128.5 million)For technology and safety ($65 million)For the Montbello Campus ($130 million)To pay back the Certificate of Participation ($80 million)To relieve the General Fund ($25.5 million)Capacity Utilization Fund ($6 million)To eliminate the Kepner COP lease payments ($11 million)Additional funds for high-needs schools ($2.2 million)Food & Nutritional Services Greenhouse ($2.1 million)Master Planning ($2 million)Turf replacement (Evie Dennis Campus, South High School, West High School, North High School) ($3.2 million)Bruce Randolph Hydroponics/Greenhouse Program ($1.14 million).
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Yes - For the Measure
No - Against the Measure
Those in favor say:
-Over the past decade, Denver’s population has grown by more than 20 percent. Denver Public Schools has seen an increase in over 15,000 students in that time. With this unprecedented growth comes additional needs, and our schools have taken another major hit during the COVID-19 pandemic.
-The Bond will allow DPS to ensure that schools are fit for 21st century learning by investing in updated technology and renovating outdated infrastructure, mitigate dangerous heat levels that are not conducive to a learning or work environment, make sure each student has access to the technology they need during the COVID-19 pandemic, and add additional classrooms to keep class sizes down while keeping up with population growth.
-Help set up Denver Public Schools’ teachers and students for success, and strengthen our Denver community, all without raising taxes, by voting yes on measure 4B.
There is no organized opposition to this measure at this time.
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