Caption – Greater Albany School District facilities improvement general obligation bond authorization.
Question – Shall Greater Albany School District issue general obligation bonds totaling $55,000,000 to renovate schools and expand and improve its facilities? If the bonds are approved, they will be payable from taxes on property or property ownership not subject to the limits of Section 11 and 11b, Article XI of the Oregon Constitution.
Summary – This measure may be passed without a 50% voter turnout. This measure provides funds to update District schools which are on average 50 years old, some nearly 100 years old.
Fiscal Accountability and Independent Audits
An independent fiscal oversight and accountability committee will oversee expenditures to ensure that bond funds are used as authorized by voters. All funds will be used to renovate, build and improve classrooms and buildings – not for administrative overhead.
Bond proceeds will be used to:
Update and modernize facilities, classrooms and school buildings;
Upgrade electrical equipment and improve access to technology, update science labs and libraries;
Upgrade heating systems so all classrooms have working heating and ventilation systems;
Replace aging water pipes to improve drinking water quality, and upgrade fire safety equipment;
Make schools more accessible for disabled and special needs children;
Remove asbestos;
Build additional classrooms, acquire land, construct and furnish a new school.
Bonds will mature in not more than 11 years from issuance date.
Explanatory Statement
The Board of Directors of the Greater Albany Public School District wants to provide Albany area kids with safe and healthy classrooms and learning environments that will prepare them for the careers of the 21 st century. After nearly two years of planning, community meetings, recommendations from a 30-member citizen committee, numerous School Board work sessions, and professional research, the school board voted to place this bond on the ballot – guided by four goals.
Making sure schools are safe and healthy,
Making sure students and teachers have the tools they need so kids can compete for college or for the careers of the 21 st century,
Providing additional classrooms so that all students have space in which to learn,
And making sure taxpayer dollars are spent wisely, on classrooms and facilities, not on administrative overhead.
This $55 million bond will pay for the most critical needs in all schools throughout the district.
The bond is estimated to cost $1.63 per thousand for ten years (an increase from the $.32 currently being paid by Greater Albany Public School District patrons)