Tag Archives: bonds

CUSD 200 will ALWAYS be in Debt

Feb 12, 2014 CUSD 200 Board Meeting
video: http://www.youtube.com/watch?v=ry_GQwmD1q4
starting at the 1:13:10  time mark.
Jim Mahieson explained the tax code, how they can get around the tax cap and why we will always be in debt.

“… long term plan…

Basically there are two components… to the tax levy…

  • one is operating money and
  • the other is capital money or debt money…

The operating money can only go up with cpi… very limited.

The debt fund or the bond resource payment… there is technically no limit because that is determined when bond referendums are issued. Continue reading

Background – CUSD 200 $10,000,000 Bonds

Last year 60% of voters said “NO” to the  Jefferson Early Childhood Center referendum,  which was “urgent.”   Now, d200 plans to borrow $10,000,000 to repair other schools.  The district actually has a list of at least $40 million in on-going maintenance projects that should be done, $10 million of which they designated as urgent.  Jefferson will be on top of that.  Why hasn’t the district been keeping up with this all along?  How have they spent all the tax revenue?

 

Past Borrowing:

District 200 borrowed as non-referendum, working cash bonds the following:

sign petition – Oppose CUSD 200 $10 million bond

We put up a “go petition” to let our school district know that we are tired of being told to sit down and open our wallets. If you live in CUSD 200 and feel the same, please sign.

Petition Background (Preamble):

CUSD 200’s superintendent, Dr. Harris, claims that FY2014 is the fourth consecutive year of a balanced budget. The district also claims that they want our opinions and thus invited everyone to the Engage200 community engagement meetings.On January 15, 2014, CUSD 200 published the legally required Public Notice in the newspaper for their plan to issue $10 Million in new working cash bonds. That very evening at the first Engage 200 meeting, Dr. Harris did not mention the $10 Million figure, did not mention the public notice, and only vaguely referred to plans to obtain financing for the required work. How is that being transparent? Continue reading