{"id":95910,"date":"2019-01-28T17:00:49","date_gmt":"2019-01-29T00:00:49","guid":{"rendered":"https:\/\/dh.durangoherald.com\/tj\/durango-school-district-9-r-explores-bond-election\/"},"modified":"2019-01-28T17:00:49","modified_gmt":"2019-01-29T00:00:49","slug":"durango-school-district-9-r-explores-bond-election","status":"publish","type":"post","link":"https:\/\/dh.durangoherald.com\/tj\/durango-school-district-9-r-explores-bond-election\/","title":{"rendered":"Durango School District 9-R explores bond election"},"content":{"rendered":"\n

\"Durango
Durango School District 9-R is exploring seeking $75 million to $85 million in new bonds to improve school security, maintenance of schools and to pay for a backlog of maintenance needs.<\/span>Durango Herald file<\/span><\/figcaption><\/figure>\n<\/p>

Durango School District 9-R is examining a request for bond issuance of $75 million to $85 million to improve school security, to maintain aging schools and to deal with a backlog of maintenance needs at schools, but new bonds might not require a mill levy increase.<\/p>\n

Deputy Superintendent Andy Burns said the district spends about $1 million on building maintenance, but according to Colorado Department of Education recommendations, the district\u2019s budget for maintenance should be about $6 million given the total 9-R<\/a> building inventory.<\/p>\n

\"Burns\"
Burns<\/span>du1-i-syn<\/span><\/figcaption><\/figure>\n<\/p>

\u201cWe are falling further and further behind in maintenance and renovations of buildings,\u201d Burns told the Board of Education this week.<\/p>\n

Burns said increasing the maintenance budget to $2 million or $3 million, while not meeting CDE recommendations, would make a \u201csignificant dent\u201d in the maintenance backlog.<\/p>\n

Dan O\u2019Connell of RBC Capital Markets<\/a>, a bond underwriting firm and financial advising firm, told board members that payment of previous bonds should allow the district to issue about $75 million in bonds without increasing the mill levy.<\/p>\n

Issuing bonds for $85 million would require a slight increase in the mill levy, he said. He estimated it would be an increase of about 80 cents per month for the owner of a $400,000 home in the school district.<\/p>\n

O\u2019Connell also said general elections tend to be more favorable for school district bond issuance requests than odd-year elections or midterm elections, which have a higher percentage of retired voters with no children in schools.<\/p>\n

Burns said the district is in a position to wait until the 2020 election to go to voters.<\/p>\n

parmijo@durangoherald.com<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

go for security upgrades, building maintenance<\/p>\n","protected":false},"author":1,"featured_media":95911,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[5794,5735],"tags":[4835,1086,4259],"naviga_topic":[],"class_list":["post-95910","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-education","category-news","tag-dan-snowberger","tag-durango-school-district-9-r","tag-newsletter-sign-up"],"acf":[],"author_name":"dh_admin","_links":{"self":[{"href":"https:\/\/dh.durangoherald.com\/tj\/wp-json\/wp\/v2\/posts\/95910","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dh.durangoherald.com\/tj\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dh.durangoherald.com\/tj\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dh.durangoherald.com\/tj\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dh.durangoherald.com\/tj\/wp-json\/wp\/v2\/comments?post=95910"}],"version-history":[{"count":0,"href":"https:\/\/dh.durangoherald.com\/tj\/wp-json\/wp\/v2\/posts\/95910\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dh.durangoherald.com\/tj\/wp-json\/wp\/v2\/media\/95911"}],"wp:attachment":[{"href":"https:\/\/dh.durangoherald.com\/tj\/wp-json\/wp\/v2\/media?parent=95910"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dh.durangoherald.com\/tj\/wp-json\/wp\/v2\/categories?post=95910"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dh.durangoherald.com\/tj\/wp-json\/wp\/v2\/tags?post=95910"},{"taxonomy":"naviga_topic","embeddable":true,"href":"https:\/\/dh.durangoherald.com\/tj\/wp-json\/wp\/v2\/naviga_topic?post=95910"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}