VOLUME 42 • NUMBER 36 • AUGUST 1, 2024
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$950 Million Bond for CCSD? Cherry Creek School Board will decide whether to ask voters to approve a $950 million bond issue on Aug. 12 BY FREDA MIKLIN STAFF WRITER
At a study session held on July 29, district staff told the Cherry Creek School Board the reasons for and details behind their recommendation that the Board ask voters to approve a $950 million bond issue and a $30 million mill levy increase on November 5. The School Board will decide whether to put the question to the voters at its regular meeting at West Middle School at 5151 S. Holly Street in Greenwood Village at 7:00 p.m. on August 12. Those who wish to speak at that meeting can sign up via the link on the Cherry Creek School District (CCSD) website that will be posted with the meeting agenda on August 8. It will remain open until 12:00 Noon on August 12. If approved, the bond and mill levy increase will cost taxpayers $3/month for every $100,000 of their home’s actual value, as determined by the Assessor. That would result in a tax increase of $180/year on a home valued by the County at $500,000. Staff emphasized that with current construction inflation, “a $950 million bond passed in November 2024 will be worth $1.2 billion in 2028.” CCSD has a history of successfully passing bond and budget measures every four years, going back to at least 2008. One of the reasons this year’s request is higher than others have been, historically, is that CCSD scaled back its planned request by $150 million in 2020 because of the Covid-19 pandemic. The costs of those deferred items has since increased substantially. $415 million of the bond request is for beginning
the process of new construction/renovation of these aging school buildings: School Year Built Cherry Creek High School 1953 Belleview Elementary School 1954 Campus Middle School 1971 Holly Hills/Holly Ridge 1958/1962 Laredo Middle School 1974 Also included is the cost of building a swimming pool and an admissions office at Overland High School. The balance of the $950 Million Bond Package is to include: $300 million - Maintenance of playgrounds, roofs, plumbing, HVAC, electrical, elevators, flooring, etc. $135 million - Adding 130,000 square feet to the Cherry Creek Innovation Campus to accommodate 70% more students and develop or expand pathways in Avionics, Creative (Film, Editing, Sound, Production), EMT, Vet Tech, HVAC, Welding, Events Center, Automotive, Advanced Manufacturing, and Mechatronics; and expanding the Institute of Science & Technology at Overland High School. $80 million - Safety and Security, including ballistic window film, security camera replacement, access control system replacement, and fire alarms $20 million - Technology, including Classroom Display Replacement, Data Center & Network Upgrade, and Fiber Network Implementation.
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The purpose of the $30 million mill levy override, which, unlike the bond package, will be permanent, is to fund additional costs for: • Safety & Security • High-Quality Teachers • Expanding access to specialized training, internships, apprenticeships, etc. • Student Health, including mental health and whole wellbeing support • Technology that is consistently secure and up-todate Efforts leading up to this recommendation began in January 2022 when the CCSD Long Range Facilities Planning Committee (LRFPC) formed the Building Utilization Subcommittee to start the process of assessing potential 2024 bond projects, reviewing things like building ages and conditions, utilization, and future needs. The final report of the LRFPC, based on the Subcommittee’s work, resulted in a recommended prioritized project list totaling $1.6 billion that was shared with District Leadership and the School Board in December 2023. That list was used to craft the current bond and mill levy request, which is substantially lower. If the bond issue and mill levy override are approved by voters in November, CCSD will be ready to put shovels in the dirt in January 2025.