Ballot Language
BALLOT ISSUE NO. 3A:
SHALL DOUGLAS COUNTY SCHOOL DISTRICT, NUMBER RE1 TAXES BE
INCREASED $17 MILLION BY A MILL LEVY INCREASE OF NOT MORE THAN 4
MILLS FOR COLLECTION IN 2009 AND BY WHATEVER AMOUNTS AS MAY BE
COLLECTED ANNUALLY THEREAFTER FROM A MILL LEVY AT SUCH RATE AS
THE BOARD ANNUALLY DETERMINES; PROVIDED THAT THE DISTRICT’S
TOTAL MILL LEVY FOR ALL DISTRICT PURPOSES (EXCLUDING THE MILL
LEVY FOR TAX ABATEMENTS, REFUNDS AND CREDITS) SHALL NOT EXCEED
THE MILL LEVY CAP APPROVED BY THE VOTERS IN 1997 OF 50.657 MILLS
UNLESS OTHERWISE AUTHORIZED BY LAW; AND PROVIDED THAT SUCH TAX
INCREASE SHALL BE FOR THE PURPOSE OF PROMOTING HIGH STUDENT
ACHIEVEMENT AND OTHER EDUCATIONAL PURPOSES, WHICH MAY INCLUDE
BUT ARE NOT LIMITED TO:
- MAINTAINING A HIGH QUALITY EDUCATIONAL PROGRAM AND
RIGOROUS GRADUATION REQUIREMENTS FOR ALL DISTRICT STUDENTS;
- MAINTAINING COMPETITIVE SALARY AND BENEFIT LEVELS TO
ATTRACT AND RETAIN HIGH QUALITY TEACHERS;
- ADDRESSING GROWING STUDENT ENROLLMENT; AND
- MAINTAINING AND ENHANCING TECHNOLOGY IN THE DISTRICT;
AND SHALL SUCH TAX INCREASE BE AN ADDITIONAL PROPERTY TAX
MILL LEVY IN EXCESS OF THE LEVY AUTHORIZED FOR THE DISTRICT’S
GENERAL FUND, PURSUANT TO AND IN ACCORDANCE WITH SECTION
22-54-108, C.R.S.; AND SHALL THE DISTRICT BE AUTHORIZED TO
COLLECT, RETAIN AND SPEND ALL REVENUES FROM SUCH TAXES AND THE
EARNINGS FROM THE INVESTMENT OF SUCH REVENUES AS A VOTER
APPROVED REVENUE CHANGE AND AN EXCEPTION TO THE LIMITS WHICH
WOULD OTHERWISE APPLY UNDER ARTICLE X, SECTION 20 OF THE
COLORADO CONSTITUTION?
BALLOT ISSUE NO. 3B:
SHALL DOUGLAS COUNTY SCHOOL DISTRICT, NUMBER RE1 DEBT BE
INCREASED $395,000,000 WITH A REPAYMENT COST OF NOT TO EXCEED
$772,000,000 AND SHALL DISTRICT TAXES BE INCREASED NOT MORE THAN
$38,000,000 ANNUALLY FOR THE PURPOSE OF PROVIDING SCHOOLS AND
CLASSROOMS THROUGHOUT THE COMMUNITY, ENHANCING STUDENT LEARNING
OPPORTUNITIES, AND PROVIDING OTHER CAPITAL ASSETS FOR DISTRICT
PURPOSES, WHICH MAY INCLUDE BUT ARE NOT LIMITED TO THE
FOLLOWING:
- DESIGNING AND CONSTRUCTING NEW SCHOOLS;
- PROVIDING EQUIPMENT AND INFRASTRUCTURE INCLUDING, BUT
NOT LIMITED TO, TECHNOLOGY AND INTERNET OR NETWORK
EQUIPMENT; AND
- RENOVATING, REPAIRING OR MAKING ADDITIONS TO EXISTING
SCHOOL BUILDINGS;
AND SHALL THE MILL LEVY BE INCREASED IN ANY YEAR, WITHOUT
LIMITATION OF RATE AND IN AN AMOUNT SUFFICIENT TO PAY THE
PRINCIPAL OF, PREMIUM, IF ANY, AND INTEREST ON SUCH DEBT OR ANY
REFUNDING DEBT (OR TO CREATE A RESERVE FOR SUCH PAYMENT), SUCH
DEBT TO BE EVIDENCED BY THE ISSUANCE OF GENERAL OBLIGATION
BONDS, INSTALLMENT SALES AGREEMENTS, LEASE PURCHASE AGREEMENTS
OR OTHER MULTIPLE-FISCAL YEAR FINANCIAL OBLIGATIONS BEARING
INTEREST AT A MAXIMUM NET EFFECTIVE INTEREST RATE NOT TO EXCEED
6.5%; SUCH BONDS TO BE SOLD IN ONE SERIES OR MORE, FOR A PRICE
ABOVE OR BELOW THE PRINCIPAL AMOUNT OF SUCH SERIES, ON TERMS AND
CONDITIONS, AND WITH SUCH MATURITIES AS PERMITTED BY LAW AND AS
THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION
OF THE BONDS PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF THE
PREMIUM OF NOT TO EXCEED THREE PERCENT; AND SHALL THE DISTRICT
BE AUTHORIZED TO ISSUE DEBT TO REFUND THE DEBT AUTHORIZED IN
THIS QUESTION, PROVIDED THAT AFTER THE ISSUANCE OF SUCH
REFUNDING DEBT THE TOTAL OUTSTANDING PRINCIPAL AMOUNT OF ALL
DEBT ISSUED PURSUANT TO THIS QUESTION DOES NOT EXCEED THE
MAXIMUM PRINCIPAL AMOUNT SET FORTH ABOVE, AND PROVIDED FURTHER
THAT ALL DEBT ISSUED BY THE DISTRICT PURSUANT TO THIS QUESTION
IS ISSUED ON TERMS THAT DO NOT EXCEED THE REPAYMENT COSTS
AUTHORIZED IN THIS QUESTION; AND SHALL SUCH TAX REVENUES AND THE
EARNINGS FROM THE INVESTMENT OF SUCH BOND PROCEEDS AND TAX
REVENUES BE COLLECTED, RETAINED AND SPENT AS A VOTER APPROVED
REVENUE CHANGE UNDER ARTICLE X, SECTION 20 OF THE COLORADO
CONSTITUTION OR ANY OTHER LAW?
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