Cheyenne Mountain School District 12 Ballot Issue 4B: $80 Million School Bond
Cheyenne Mountain School District 12, Colorado
My vote power: High
What does this measure do?
Supports: Public Education Quality
Issue 4B would let Cheyenne Mountain schools borrow $80 million to replace Skyway Elementary and repair, expand, and secure other school buildings. District property owners would pay up to $8.8 million a year in bond taxes.
Proposed by: Cheyenne Mountain School District 12 Board of Education
The district's elected school board approved the borrowing plan after a study of its buildings. The state's limit on taxes and spending (TABOR) requires a public vote for new debt.
Source: coloradopolitics.com
A YES vote means
The district could issue $80 million in school bonds, with up to $162 million in repayment, funded by property taxes.
A NO vote means
The district could not issue these proposed school bonds or levy the related bond tax.