At a special meeting held on July 30, 2019, the Board of Education unanimously decided to ask Pueblo School District 60 voters if they will approve a $218.25 million bond issue for schools. The measure appeared on the Nov. 5, 2019 ballot and was passed by a majority of Pueblo voters.
Since September 2015, the Board of Education had been engaged in a Facilities Master Plan
process, assessing the condition of district facilities, listening to the school community, and studying the recommendations of architects, construction professionals, and community stakeholders. After an extensive public engagement process, numerous community meetings, and several surveys of the needs and desires of district taxpayers and constituents, the Board sought the issuance of general obligation bonds to replace, repair and update school facilities.
The bond question that appeared on the ballot was as follows:
SHALL PUEBLO SCHOOL DISTRICT NO. 60 DEBT BE INCREASED $218.25 MILLION, WITH A REPAYMENT COST OF UP TO $359.5 MILLION, AND SHALL DISTRICT TAXES BE INCREASED BY UP TO $19.5 MILLION ANNUALLY FOR THE PURPOSE OF REPAIRING, IMPROVING, CONSTRUCTING, EQUIPPING AND OTHERWISE UPDATING SCHOOL FACILITIES WITHIN THE DISTRICT AS MONITORED BY A CITIZENS’ BOND ADVISORY COMMITTEE, INCLUDING, BUT NOT LIMITED TO:
ADDRESSING CRITICAL NEEDS AT FOUR DISTRICT HIGH SCHOOLS BY MAKING PRIORITY REPAIRS, UPGRADES AND SECURITY ENHANCEMENTS TO CENTRAL HIGH SCHOOL AND SOUTH HIGH SCHOOL, AND CONSTRUCTING AND EQUIPPING TWO NEW HIGH SCHOOLS FOR CENTENNIAL HIGH SCHOOL AND EAST HIGH SCHOOL WITH EXPANDED CAREER AND TECHNICAL EDUCATION PROGRAM SPACE, MODERN CLASSROOMS, AND EXPANDED ACCESS TO NEW TECHNOLOGY AND COMPUTERS; AND
ADDRESSING CRITICAL HEALTH, SAFETY AND SECURITY CONCERNS IN OTHER DISTRICT BUILDINGS, AND PROVIDING UPDATED SAFETY AND SECURITY SYSTEMS AND OTHER PRIORITY REPAIRS AND UPGRADES;
BY THE ISSUANCE AND PAYMENT OF GENERAL OBLIGATION BONDS WHICH SHALL BEAR INTEREST, MATURE, BE SUBJECT TO REDEMPTION, WITH OR WITHOUT PREMIUM, AND BE ISSUED AT SUCH TIME, AT SUCH PRICE (AT, ABOVE OR BELOW PAR) AND IN SUCH MANNER AND CONTAINING SUCH TERMS, NOT INCONSISTENT WITH THIS BALLOT ISSUE, AS THE BOARD OF EDUCATION MAY DETERMINE; SHALL AD VALOREM PROPERTY TAXES BE LEVIED WITHOUT LIMIT AS TO THE MILL RATE NOT INCONSISTENT WITH THE COST PARAMETERS SET FORTH ABOVE AND IN AN AMOUNT SUFFICIENT IN EACH YEAR TO PAY THE PRINCIPAL 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 TAXES AND SUCH BONDS (REGARDLESS OF AMOUNT) CONSTITUTE A VOTER-APPROVED REVENUE CHANGE; AND IN CONNECTION WITH THE ISSUANCE OF SUCH BONDS SHALL THE DISTRICT’S DEBT LIMIT BE ESTABLISHED AT 6% OF THE ACTUAL VALUE OF THE DISTRICT’S TAXABLE PROPERTY AS PERMITTED BY LAW?