Summary: A New Jefferson Early Childhood Center

Board PlanningAdopted: July 18, 2012….

District Goal 3: We will achieve long-term financial stability by managing District resources prudently.

2012-2013 Board Goal:Determine community support for resolving major facility issues, i.e., Jefferson and the School Service Center.– Jefferson Core Team– Finance Committee

Community EngagementWith the understanding of current facility challenges and the need for a new Jefferson, the Board sought community feedback.

•Summer/Fall Community Forums

•Fall Survey of the community

Community EngagementForum & Survey Feedback:

•Quality of education rated excellent or good

•Quality of student experience rated excellent or good

•Focus on schools and build only a new Jefferson

Community EngagementForum & Survey Feedback: •Priorities for future facilities:

– Provide for the safety & security of students– Create an appropriate learning environment for students– Accommodate students with disabilities– Take an innovative, forward-thinking approach– Keep repair and renovation costs as low as possible– Renovate facilities to support academic and extracurricular student

experiences– Maintain green space that is open for public use

The Investment“Courtyard” Building Design

The InvestmentBuilding design is program-driven and features: •2006 design vs. 2012 design

•20 fully accessible classrooms

•Classroom size is program-driven and includes space for interactive learning centers and integrated therapy

•Motor room for physical and occupational therapy

•Sensory playground for secure outdoor hands-on learning

The InvestmentBuilding design is program-driven and features: •Fenced green space open to the community after school hours

•Safe & secure on-site pick-up and drop-off

•Storm water management system

•Collaborative planning space for instructors & specialists

The Investment: $17.6 MillionProject Financing: •The Board of Education will issue bonds to pay for a new Jefferson Early Childhood Center.•Sale of up to $17.6 million in bonds WILL NOT extend the time length of existing debt of District which ends in Levy Year 2023. •Some principal will be amortized annually.•Interest rates are at or near historical lows. •District may issue debt in two bond sales to minimize interest rates and only issue debt as needed to remain fiscally responsible.

The Investment: $17.6 Million

The Investment: $17.6 MillionAnnual Tax Rate Impact in Levy Years 2013 - 2022

*Actual tax rates and payments may vary based on EAV growth, state law changes, property tax rate initiatives and other factors. Includes $6,000 homeowner exemption. The estimated tax rate increases do not include the impact from existing debt service.

Referendum Amount $17.6 million

Estimated Net Debt Service $23.4 million

Estimated Annual Tax Payment Increase*

$200,000 home $19 / year

$300,000 home $30 / year

$400,000 home $40 / year

$500,000 home $51 / year

The Investment: $17.6 Million

The Investment: $17.6 MillionAnnual Tax Payment Impact in Levy Year 2023

Final Year will be different as referenced on the debt service graph. Tax payment impact for taxpayers is expected to DROP in final year of debt service- even with the anticipated Jefferson debt.

Home Value(Assuming 3% annual

increase in Value)

Decrease in Debt Payment for Existing Debt

(Blue to Blue)

Decrease in Debt Payment including Jefferson Debt

(Purple to Purple)

$200k home -$461 -$237

$300k home -$708 -$364

$400k home -$955 -$491

$500k home -$1202 -$617

Jefferson Early Childhood Center Referendum

Tuesday, April 9, 2013