JEFFCO PUBLIC SCHOOLS

Possible 2018 Bond

WHAT IS A BOND? POSSIBLE BOND FOCUS AREAS
• Voter-approved borrowing for capital construction projects • All schools will benefit
• Generates up-front dollars, which are repaid (with interest) • Bringing all schools & classrooms to quality standard for
through a property tax over time • Instruction
• Put simply: a bond builds classrooms - it’s about our school • Safety & security
buildings • Upkeep
• Career/technical education sites
JEFFCO’S NEEDS & RECENT HISTORY • Expand early childhood education
• Jeffco has around $1.3 billion in facility needs • Reinvesting in established schools & communities
• Jeffco last passed a major bond for facilities improvements in • Accommodating growth through new schools & additions
2004 & a smaller bond for warm, safe & dry repairs passed in • Supporting charter schools
2012 • Major renovations to high schools built prior to 1980
• Investing in local economy - preference in contracting for local
WHAT’S THE TAX IMPACT? firms
$567 MILLION PROPOSAL
$1.81/month per $100K in (residential) value Bringing all schools &
classrooms to quality
10%
• $300K home = $5.42/month • $500K home = $9.03/month standard for instruction,
safety/security, career/
technical education sties,
ACCOUNTABILITY 10%
expand early childhood
education
• Can’t be used for administration or other staff
• Monitored by a citizen oversight committee Reinvesting in established
• Subject to annual external audit 60% schools & communities
20%
Accommodating growth
through new schools &
additions

Supporting charter
schools
 JEFFCO PUBLIC SCHOOLS
Possible 2018 Mill Levy
WHAT IS A MILL LEVY OVERRIDE? POSSIBLE MILL LEVY OVERRIDE USES
• Used for ongoing expenses and needs such as attracting & • Increasing competitiveness with surrounding districts to attract
retaining quality teachers & staff & retain quality teachers & staff
• Voter-approved property tax increase • Increasing school safety & security including increased mental
• Funds stay local in Jeffco Public Schools health supports & counseling
• Put simply: a mill levy brings classrooms to life - it’s about • Expanding career/technical education & STEM options
students & staff • Improving classroom materials & technology
• Expanding full-day early childhood education
$33M PROPOSED MILL LEVY TAX IMPACT
$2.10/month per $100K in (residential) value

• $300K home = $6.31/month • $500K home = $10.52/month

Increasing
10%
ACCOUNTABILITY competitiveness with
surrounding districts
• None of these funds will be used for senior central administration
10% Increasing school safety
• Monitored by a citizen oversight committee & security including
• Subject to annual external audit increased mental health
supports & counseling
10% 50% Expanding career/
technical education &
STEM options

Improving classroom
20% materials & technology

Expanding full-day early

childhood education