Thursday, October 31, 2013

The History Of Asd Bonds

Vocational education initiatives received voter approval.


ASD bonds stands for Anchorage college regional bonds. On Apr 5, 2011, the Anchorage academy regional levy three bond propositions on the referendum in its municipal elections -- Propositions 1, 2 and 3. Everyone of the three bonds proposed to fund improvements needed within the faculty regional. Voters gave an up or down ballot on a complete of $70,997,000 in institute funding.


Proposition 1


Proposition 1, for the completion of renovations and additions to the Work Great Institute, proposed spending $37,132,000. Proposed improvements accommodate classrooms, the lib and cafeteria, a characteristic education existence, physical education, an administrative environment, an auditorium, an automatic sprinkler manner and improvements to traffic and parking. The sovereign state would wages the majority of the costs down a Obligation reimbursement programme and grant funding. Once the polity's $16.8 million in Obligation reimbursement is applied, the principal magnitude required of the bond would be $20.3 million for a project with a complete payment of $68 million.


Proposition 3, a $17 million project, was subject to 70 percent state reimbursements. It proposed to fund the improvements and expansion of the career, technical and vocational education programs at 12 existing schools in the district. Once the 70 percent state reimbursement is applied to eligible expenses, the principal bond amount would be $5.1 million. With reimbursement, the cost to property owners for these improvements would be $1.30 for each $100,000 in property valuation, making this the least expensive of the three propositions.


Three schools needed safety updates, another three needed roof replacements and three more needed heating system upgrades. Other projects proposed improvements in the communication systems, lighting, the athletic facility, dressing rooms and a relocatable upgrade project. A few schools received more than one project.


Proposition 3


Proposition 2

Proposition 2 proposed spending $16,865,000 on building being extent projects and replica projects throughout the academy resident. The community would return 70 percent of eligible building continuance room projects and 60 percent of comp projects, leaving approximately $5.9 million to be funded by the proposed ASD bond. Six schools would receive design projects.


Voter Outcomes


Some voters believed that it would have been better To erect a new school rather than spend $68 million on renovating the old Service High School as proposed. "The Alaska Star" news website encouraged voters to vote down these propositions. Historically, while state reimbursement funding has applied to spending initiatives, there is no guarantee the state will reimburse these expenditures after the money is spent. Ultimately, only the ASD bond for Proposition 3 was approved by voters on April 5, 2011.