Jeffco Schools’ Out of Control $705 Million Capital Program, Chapter Two: The Scandal Has Widened and Worsened

  • “The Board also put a $567 million bond program on the [November] ballot… Jeffco would use 60% of these funds to bring all schools in the district up to a common standard of quality in terms of instructional space and building safety and security. We would also expand and add career/technical and STEM education facilities and early childhood education options.
  • We would use 20% of these funds to reinvest in established parts of Jeffco, keeping those communities and schools attractive places for families and kids. We also have growth areas and would spend 10% of the funds to accommodate new schools and additions where needed. Charter schools would be passed through their proportionate share, 10%.
  • Bond funds would also be monitored by a separate blue-ribbon oversight committee and be subject to an annual external audit.”
  • Adding and expanding career/technical education facilities;
  • Upgrading safety and security in school buildings;
  • Repairing, renovating, equipping, or reconstructing school buildings to ensure all schools are more safe, efficient, and accessible to all students, including those with disabilities;
  • Constructing, furnishing, equipping, and supporting needed school buildings and classrooms at all types of schools, including schools chartered by the district.
  • The district will have a preference for hiring local construction contractors;
  • The funds cannot be used for senior district administration;
  • The spending of these funds is overseen by the citizens’ Capital Asset Advisory Committee;
  • The funds are subject to an annual external audit.
  • “Question 5B would allow Jeffco Public Schools to go to the bond market and sell bonds to generate $567 million for construction and other capital improvements (such as furniture or technology). The $567 million would be repaid over a period of 20 years (with interest) through a property tax increase.
  • That property tax increase comes to about $1.81 per month, per hundred thousand dollars of residential value. For non-residential property, it’s about $7.28 per month, per hundred thousand dollars of value. The bond’s total repayment (over the 20 years) will be less than $997 million based on language in the ballot question.
  • 5B has specific uses written into the ballot question. These include:
  • Adding and expanding career/technical education facilities;
  • Upgrading safety and security in buildings;
  • Ensuring all schools are more safe, efficient, and accessible; and
  • Constructing, furnishing, and equipping schools with classrooms of all types in the district.
  • Funds cannot be used for senior district administration;
  • The spending is overseen by a citizen advisory committee; and
  • The funds are subject to an annual external audit.”

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Co-Founder, K12 Accountability Inc. New book: "K-12 On the Brink: Why America's Education System Fails to Improve, and Only Business Leadership Can Fix It"

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Tom Coyne

Tom Coyne

Co-Founder, K12 Accountability Inc. New book: "K-12 On the Brink: Why America's Education System Fails to Improve, and Only Business Leadership Can Fix It"