Proposition 1 - Capital Improvements for the Anchorage School District Bonds

For the purpose of providing educational capital improvements, construction, upgrades, planning, design, and renovation of school facilities and educational facility building life extension projects within Anchorage, as provided in AO 2023-123, shall Anchorage borrow money and issue up to $62,370,000 in principal amount of general obligation bonds? The general obligation bond proceeds will be used to pay costs of constructing, renovating, installing, planning, designing, acquiring, and equipping educational capital improvement projects including, but not limited to, roof replacements, structural, and seismic upgrades at Alpenglow Elementary School, Central Middle School, and Chugiak High School; construction of security vestibules and security improvements at Kasuun, Lake Hood, and Klatt Elementary Schools; renovation design for Romig Middle School; replacement of Inlet View Elementary School; and planning and design for 2024/2025 projects. Voter approval of this bond proposition authorizes for each $100,000 of assessed taxable property value (based on the estimated 2024 assessed valuation) an annual increase in taxes of approximately $12.69 to retire the proposed bonds. The debt will be paid from real and personal property taxes levied and collected areawide in Anchorage. Anchorage will also pledge its full faith and credit for payment of the bonds. (AO 2023-123)