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Thursday, 01 April 2010 22:29

Bond Election - June 22

Voters Approve $250 Million Bond

Early voting weekdays June 8 – 18:
  • Cottonwood Heights City Hall, 1265 E. Fort Union Blvd. (7200 South), noon - 6 p.m.
  • Draper City Hall, 1020 E. Pioneer Road (12450 South), noon - 6 p.m.
  • Sandy City Hall, 10000 S. Centennial Parkway (240 West), noon - 6 p.m.
  • Salt Lake County Clerk's Office, 2001 S. State, South Building, Suite S1100, 8 a.m. to 5 p.m.

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Board Calls For $250 Million Bond Election

The Canyons Board of Education is seeking a $250 million, tax-rate-neutral bond to renovate or rebuild aging schools, build a new high school in Draper, and forward the District’s efforts to better prepare students for college and careers.

The Board on Tuesday, March 30, 2010, unanimously approved a resolution calling for a June 22, 2010 bond election to seek authorization of up to $250 million in general obligation bonds.

“This is the most significant action the Canyons Board of Education has taken since hiring a Superintendent in 2008,” Board President Tracy Scott Cowdell said. “This bond would allow us to turn dirt in every corner of this district, and will help many community schools that have been neglected for a very long time.”

The bond proposal would keep the debt service tax rate constant over time. In 2003, before Canyons School District was created, voters in the old Jordan School District approved a $281 million bond to upgrade buildings. In 2007, Jordan District’s east-side communities voted to create the Canyons District. Though no longer part of Jordan District, Canyons taxpayers still are required by law to pay a significant portion of the 2003 bond debt until 2022. Canyons has no control over old Jordan District debt or its repayment plan. The Canyons Board of Education’s proposed $250 million bond is structured to make sure that as those old bond payments start to drop off, the new bond payments would ramp up, holding debt service tax rates steady.  In addition, the District anticipates using other available funds to make debt payments on the bonds to maximize borrowing power and negate the impact on the taxpayer.

The bond money would be used for projects in elementary, middle and high schools districtwide. It would build a new high school in Draper; upgrade and renovate existing high schools; and rebuild or renovate several elementary and middle schools.

The projects would forward the Board’s goal that all students graduate from high school ready for college and careers. Last February, the Board approved Utah’s first advanced diplomas program to connote career- and college-readiness. To prepare students to reach that goal, the Board voted to move ninth-graders into high schools to better focus on career- and college-readiness, while centering middle schools on high school preparation and elementary schools on the basics. The bond would fund a new high school in Draper to alleviate crowding when ninth-graders are moved from the middle schools to the high schools. It also would fund renovations and rebuilds needed to bring schools to modern seismic and technology standards and to create environments that better inspire learning, enrichment, and student success.

The special bond election is set for June 22, 2010. The District will announce a series of public information meetings in early April on its Web site, www.canyonsdistrict.org.

 

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