The district’s outstanding bonds from 2011 (2008 bond measure) are rated AA+. Future bonds won’t be rated until around the time they are issued for sale.
The bonds offered are municipal bonds. The district offers bonds for sale and pays investors back plus interest from property taxes that are not subject to legislative limitations like Measure 5. Some of the bonds offered for sale are tax-free, which can be attractive to large investors. When bonds are issued for sale, they are [...]
What data do we have from the 2008 bond measure about how much extra money we had due to prudent financial management, etc.?
The district had approximately $18 million in unspent funds after all projects originally planned under the 2008 bond were completed. The $18 million was a result of a competitive bidding environment, earnings on bond sales and prudent financial management. A Community Bond Oversight Committee decided to use the unspent funds for additional repairs. The additional [...]
The bond package includes expanding the capacity of existing school buildings rather than building new schools. The concept resulted from the work of the Community Facilities Task Force and the discussion centered on high school construction. You can read about it in their recommendation to the School Board on page 2 and page 9 of [...]
Work is planned at charter school locations that are owned by the school district. Optimum Learning Environments Charter is housed inside Forest Ridge Elementary, and would benefit from the upgrades shown for that facility. Valley Inquiry Charter is housed in the Hazelgreen School facility, and will see work which includes replacing the old portable with [...]
How accurate are the population projections you used to create this plan? I’m concerned that actual enrollment growth is going to be more than projected.
It's important to engage experts and carefully analyze potential enrollment growth, but it is equally important to remember that it is impossible to accurately predict the future. The experts contracted to create the projections provide the best estimates possible. To create and refine projections, the district worked with two different organizations that have expertise in [...]
Here’s a comparison of 2017 levy rates for some Oregon school districts.
Running early and late shifts at schools would mean that most students’ schedules would be very different from their parents’ schedules. Aligning school schedules as closely as possible with the traditional work day allows families to have time more together, which provides better support for students. There are other challenges with this type of schedule [...]
Schools were identified for additional space if they are currently overcrowded, or if population projections predict a need for additional capacity in the school in the next 20 years. The facilities task force reviewed the information for each school and provided recommendations to the school board. The board asked staff to reduce the total projected [...]
Feedback was compiled into reports for the School Board to consider when determining the final bond package. The reports were also shared with Facilities and Planning staff to be used during the master planning and design process at each school receiving major capital construction. Some things that the Board changed in the package as a [...]