3B is an $80 million bond that will:
- Build two new elementary schools to relieve overcrowding
- Protect our students using advanced security measures
- Eliminate aging, trailer classrooms at several schools
- Provide much-needed renovations to 47 existing schools
- Replace obsolete computers with new technology
...all with NO tax rate increase!
View what projects are scheduled for each school.
Vote YES on 3B for an A+ Economy!
- Yes on 3B will infuse $80 million into the local economy through capital construction with no tax rate increase.
Ballot Language for 3B
SHALL ADAMS 12 FIVE STAR SCHOOLS DEBT BE INCREASED BY $80 MILLION, WITH A MAXIMUM REPAYMENT COST OF $181 MILLION, AND SHALL DISTRICT TAXES BE INCREASED BY $38.8 MILLION ANNUALLY TO PAY FOR:
- BUILDING TWO NEW ELEMENTARY SCHOOLS TO ACCOMMODATE GROWTH
- DEFERRED MAINTENANCE NEEDS OF EXISITNG SCHOOLS
- RENOVATING EXISTING SCHOOLS
- INSTRUCTIONAL TECHNOLOGY UPGRADES AT EXISTING SCHOOLS
- SECURITY UPGRADES AT EXISTING SCHOOLS
- CONTINUED PLAYGROUND UPGRADES
- PURCHASING LAND FOR NEW SCHOOLS
AND OTHERWISE ACQUIRING, IMPROVING, EQUIPPING AND FURNISHING BUILDINGS AND OTHER PROPERTY, BY THE ISSUANCE AND PAYMENT OF GENERAL OBLIGATION BONDS, INSTALLMENT OR LEASE PURCHASE AGREEMENTS OR OTHER MULTIPLE FISCAL YEAR OBLIGATIONS WHICH MAY BE USED AS MATCHING MONEYS FOR FINANCIAL ASSISTANCE FROM THE STATE UNDER THE BUILDING EXCELLENT SCHOOLS TODAY ACT, WHICH DEBT SHALL BEAR INTEREST AT A MAXIMUM NET EFFECTIVE INTEREST RATE NOT TO EXCEED 6-1/2% AND MATURE, BE SUBJECT TO REDEMPTION, WITH OUR 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; SHALL AD VALOREM PROPERTY TAXES BE LEVIED IN ANY YEAR, WITHOUT LIMITATION AS TO RATE OR AMOUNT OR ANY OTHER CONDITION, TO PAY THE PRINICPAL OF, PREMIUM, IF ANY, AND INTEREST ON SUCH DEBT AND TO FUND ANY RESERVES FOR THE PAYMENT THEREOF; AND SHALL ANY EARNINGS FROM THE INVESTMENT OF THE PROCEEDS OF SUCH DEBT AND SUCH TAXES BE A VOTER-APPROVED REVENUE CHANGE THAT THE DISTRICT MAY COLLECT, RETAIN AND EXPEND WITHOUT LIMITATION UNDER ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION (TABOR) OR ANY OTHER LAW?
