Proposed 2024 Bond Initiative

graduates and American flag

Proposed 2024 Bond Initiative

graduates and American flag

The Future is in our Public Schools

Proposed 2024 Bond Initiative

St. Vrain’s administration, in collaboration with multiple communities, is preparing to make a recommendation to the Board of Education to place a $739.8 million bond on the ballot in 2024 that will ensure the district’s continued commitment to academic excellence, accountability, safety, and providing the education that today’s students will need for tomorrow’s jobs and careers.

What is a bond issue and how are the funds typically used?

Voter-approved bond measures are long-term loans that are used by school districts to fund brick-and-mortar-type projects. These types of loans allow school districts to access upfront funds to more quickly address building renovations, school additions, new schools, and/or other capital improvements.

Proposed 2024 Bond Investment Priorities:

  • Provide the education that today’s students and our community will need for tomorrow’s jobs and careers, including skilled trades (plumbing, electrical, and construction), computer systems, cybersecurity, healthcare, and more
  • Improve safety and security in school buildings
  • Perform critical building maintenance and replace outdated electrical, plumbing, and HVAC components
  • Continue the district’s commitment to academic excellence, safety, financial stewardship, and accountability
  • Provide classroom additions and construction of new school buildings to address overcrowding and future enrollment

St. Vrain Valley School District’s 2024 bond initiative will NOT increase property taxes*.

St. Vrain’s 2024 bond initiative will not increase property taxes, and will represent a significant investment in advancing the future of our community. This is due to existing community investments, growth in population and economic strength, and strong financial management that has included budget outperformance, debt restructuring, and early debt payoff. The district has saved taxpayers more than $82 million over the past two decades, including $36.8 million this past December.

How can St. Vrain pass a bond without increasing property taxes?

The St. Vrain community continues to experience growth in both population and economic strength, which has increased the number of households and corporations who are available to invest in our public schools. As population has grown, St. Vrain Valley Schools has strategically paid down previous bond debt ahead of schedule. The combination of growth and early debt restructuring presents an opportunity for the St. Vrain community to issue $739.8M in bonds that will make important investments in our students and schools, without increasing taxes.

*Passage of the 2024 bond will not impose any new school district property tax and will not increase the district’s existing annual debt repayment obligation. Based on the current tax formula, it is specifically designed to not increase your existing school district taxes, and may even result in a lowering of existing property taxes, similar to the tax reduction the district made in January 2024.

By the Numbers

75,000

All of the approximately 75,000 households in the St. Vrain Valley School District footprint benefit from our high-quality education system through increased economic development, increased public safety, workforce development, and much more.

33,000

St. Vrain is home to approximately 33,000 students, with a build-out plan to 70,000+ in the future.

411

St. Vrain spans 411 square miles across 13 unique communities.

93.3%

St. Vrain has the highest graduation rate in the Denver Metro Area at 93.3%, with the lowest dropout rate at 0.6%.

$739.8M

The proposed 2024 bond initiative will invest $739.8M into the future of our schools and communities.

-0-

Passage of the 2024 bond will not impose any new school district property tax.

5

The proposed 2024 bond will include the construction of 5 new schools in areas of high growth, including a high school, CTE center, elementary school, Montessori school, and PK-8 school.

37

The proposed 2024 bond will include 37 critical roofing projects.

100+

Over 100 HVAC units are included for replacement in the 2024 bond proposal. The district has thousands of HVAC units and critical components across its 60 schools.

109

109 critical infrastructure projects are included in the 2024 bond, including electrical and plumbing.

95

The 2024 bond proposal include 95 projects to repurpose and refresh educational spaces and classrooms.

9

The proposal includes the construction of 9 AGILE centers, which enable high school students to use synchronous learning technology to enroll in unique course offerings at any high school in the district.

100%

St. Vrain has outperformed the Colorado average on 100% of state standardized assessments.

31,250

Last year, St. Vrain students had the opportunity to earn over 31,250 college credits through Advanced Placement courses, International Baccalaureate courses, and concurrent enrollment college classes.

240

St. Vrain is home to over 240 competitive robotics teams, as well as numerous state, national, and world champions.

$200M

Waiting another five years to address the District’s highest-priority facility needs would increase the total price tag by an estimated $200 million due to construction inflation. This assumes construction costs rise by at least five percent annually.

100,000

The 2024 proposed bond initiative would add approximately 100,000 square feet of new space for career and technical education (CTE) and innovation programs.

Proposed Community Investments

Click the arrow icon in the top left corner of the map to access each feeder system and non-feeder specific investments.

Frequently Asked Questions

Proposed 2024 Bond Initiative

Why is St. Vrain Valley School District considering placing a bond referendum on the November 2024 ballot?

St. Vrain seeks to address its highest-priority capital facility needs, without imposing any new school district property taxes. The proposed improvements would be focused on safety and security, infrastructure upgrades, updating classrooms and labs, adding space to enhance and expand career and technical education (CTE) programming, and addressing overcrowding and future enrollment growth via classroom additions and new schools.

Would the bond measure result in increased taxes?

No. The voter-approved bond measure would not increase taxes and would not increase the District’s existing annual debt repayment obligation. This is possible because of existing community investment, strong financial management, and increased resources tied to population growth and economic strength.

infographic demonstrating how the district can pass the 2024 bond and not raise taxes
What is a bond issue and how are the funds typically used?

Voter-approved bond measures are long-term loans that are used by school districts to fund brick-and-mortar-type projects. These types of loans allow school districts to access upfront funds to more quickly address building renovations, school additions, new schools, and/or other capital improvements.

What are the anticipated benefits of the proposed improvements?

There are many anticipated benefits associated with the proposed districtwide capital improvements, including:

  • Protecting our high-performing schools
  • Improving safety and security
  • Addressing localized areas of overcrowding and future enrollment growth
  • Reducing costly and disruptive emergency repairs
  • Extending the useful life of existing facilities
  • Enhancing and expanding CTE programming
  • Improving building efficiencies, saving taxpayer dollars
  • Attracting and retaining quality teachers and staff
  • Continuing to attract families and businesses to SVVSD communities
  • Protecting property values
Which students and schools would benefit from the proposed bond measure?

The bond proposal was developed to benefit all students and every school in the district.

What size bond measure is the District considering placing on the ballot?

SVVSD is considering placing a $739.8 million bond proposal on the November 2024 ballot.

How has the District lived within its means before considering returning to the ballot?

Through strong financial management, budget outperformance, debt restructuring, and early debt payoff, the District has saved taxpayers more than $82 million over the past two decades, including $36.8 million this past December.

How did the District identify the projects in the bond proposal?

The District’s facilities team reviewed more than 1,500 facility needs that were identified by comprehensive facilities audits conducted by district staff, architects, and engineers. Building and site needs were also identified by educational and operational department leadership, maintenance staff, charter school leadership, and a student advisory council. This planning process took many months to complete.

How would existing school buildings benefit from the proposed bond measure?

The proposed improvements to be addressed at the District’s existing school buildings include:

  • Safety and security improvements
    • Access upgrades to doors, windows, and vestibules
    • Improvements to security and communications through cameras, intercoms, and first-responder radio coverage
    • Fire safety upgrades to alarms and suppression
  • 33 roofing projects
  • 38 reimagined educational spaces
    (reconfigure/repurpose underutilized spaces)
  • 54 interior refresh projects
  • More than 100 heating, ventilation, and air conditioning (HVAC) replacements (not previously addressed)
  • 74 critical infrastructure projects (plumbing, electrical, grounds maintenance, etc.)
Would bond funds go toward any new construction projects?

The bond proposal calls for expanding the District’s nationally-recognized Innovation Center and constructing five new school buildings, including a new Montessori School in Longmont, a new high school in the Erie/Tri-Town area, a new PK-8 school in Mead, a new elementary school in Erie, and a career and technical education (CTE) center located on the campus of the new high school. A number of secure entry vestibule projects are also part of the proposal.

Which improvements would likely provide the greatest academic benefits?

Almost all of the proposed improvements would have a direct or indirect academic benefit, including updating instructional spaces, reconfiguring and reimagining underutilized spaces, adding CTE programming space, making technology upgrades, addressing air quality and classroom-comfort improvements, adding instructional space to address current localized overcrowding and future growth, and more.

How would career and technical education (CTE) programming benefit the community?

CTE programming would be enhanced and expanded with the addition of a new CTE center in the Erie/Tri-Towns area and the expansion of the Innovation Center in Longmont. Additionally, the new facility will significantly increase capacity at the Career Elevation and Technology Center in Longmont to provide more students with opportunities to engage in cutting-edge programming in high-growth fields such as advanced manufacturing, welding, and healthcare, as well as earn industry-leading credentials. The District is committed to providing more skilled trades classes focused on the following areas:

  • Construction management
  • Plumbing, electrical, and HVAC systems
  • Computer systems, cybersecurity, and virtual reality
  • Healthcare and biosciences
  • Manufacturing, including fabrication, welding, and electronics
  • Aviation, drones, and robotic technology
Would the bond measure address any charter school needs?

Yes. The District’s charter schools would have the opportunity to participate in the bond measure to address their highest-priority capital facility needs.

To what extent will the improvements be “green”?

Many of the repairs and renovations that are part of the 2024 bond proposal will improve building efficiency, including the replacement of outdated heating, ventilation, and air conditioning (HVAC) systems that have reached the end of their useful life, new roofing, window replacement, exterior envelope upgrades, and related improvements. The new school buildings, and the proposed addition to the Innovation Center, would also be highly efficient.

How much would the total cost of the proposed improvements increase if the District waits to address these needs?

Waiting another five years to address the District’s highest-priority facility needs would increase the total price tag by an estimated $200 million due to construction inflation. This assumes construction costs rise by at least five percent annually.

Are grants available to help reduce the total request?

Are grants available to help reduce the total request?
The District continues to apply for grants from the state and federal governments and through foundations and nonprofit organizations. These grants are often for educational programs, student support, and other operational purposes. However, there are grants for energy efficiency and other programs that benefit the District’s facilities. Over the past several years, the District has received more than $64 million in competitive grants, and we intend to continue our efforts to identify and receive grants to help address applicable needs across the  District.

What is the economic impact of the proposed construction projects?

The District’s previous construction projects have resulted in significant economic benefits to local contractors, restaurants, lumber yards, gas stations, retailers, hotels, and other businesses. The same would hold true for the proposed construction projects that are part of the 2024 bond proposal. 

How can I learn more about the bond proposal and provide input?

The District will be hosting community information meetings this spring and early summer, with the dates, times, and locations posted on our website at www.svvsd.org. This spring, the District will also be mailing an information piece to registered voter households that includes a link to an online survey. Your participation is greatly appreciated. Additional questions and feedback can be sent to [email protected].

When will the District make a final decision regarding the scope and timing of the bond proposal?

Final decisions regarding the scope and timing of a possible bond measure will be made by the SVVSD Board of Education in August, providing time for additional public input.

How much of the bond dollars will go to administration or teachers’ salaries?

None. Bond dollars can only be used for bricks and mortar projects and cannot be used to increase salaries or hire administrators. St. Vrain has one of the lowest percentages of funding for administrators of Colorado’s large school districts (around 6-8%). While St. Vrain keeps administrative costs low, the district has remained committed to increasing salaries for teachers, bus drivers, nutrition service workers, custodians, and other critical support staff, making significant gains in salary levels over the past decade. St. Vrain has one of the highest starting salaries for teachers in the Denver Metro Area.

Budget and Fiscal Transparency

Did the District recently reduce its tax rate?

Yes. As the district has continued to strengthen and advance student achievement and opportunities, it has also focused heavily on strong financial management and systems that will ensure the best use of community resources and investment. This has included debt refinancing, payment structuring, and early debt payoff strategies which has saved taxpayers approximately $82.3 million over the past two decades. This includes $36.8 million saved in December alone, a testament to the district’s conservative financial planning and its dedication to the community’s economic well-being. The $82.3 million in savings does not go back to the district for other uses, and is solely for the benefit of the taxpayers. For property taxes collected in 2024, the district continues these efforts and has reduced the property tax mill levy rate by 1.147 mills. 

What is the District’s track record when it comes to completing bond projects on time and within budget?

The District has consistently delivered on time and within budget when it comes to previous bond programs.

Would the District use existing reserves to help address capital improvement needs not addressed by the proposed bond measure?

Yes. The District would use reserves to address certain capital improvements that are not addressed by the proposed bond measure.

Would additional operating dollars be needed if the District brings on new schools?

No. The District has managed its budget to sustainably plan for expected growth and will not need to pass a Mill Levy Override to operate and support new schools. The District is confident that it has enough operating dollars to staff, operate, and maintain the proposed new schools that would be constructed as part of the 2024 bond program. 

When was the last time SVVSD voters approved a bond referendum?

District voters approved a $260 million bond in 2016. That bond focused on repairing school buildings, addressing safety and security needs, improving energy efficiency, making classroom additions, and constructing three new school buildings to support student enrollment.

St. Vrain Facilities

Why are the proposed new schools primarily in the Carbon Valley area?

For many years, Longmont was experiencing most of the population growth and economic development within the District. That now holds true for the Carbon Valley area. However, new schools and bond improvements will positively impact every community within the district’s boundaries.

What efforts would be made to minimize disruptions associated with the building improvements and to ensure the safety of students and staff?

As with previous bond programs, a large percentage of the work would be done in the summer months to minimize disruptions. Safety would remain the top priority with all proposed construction projects.

Student Performance and Return on Investment

What are the District’s points of pride? Why should we continue to invest in our local school district?

St. Vrain is one of the highest-performing school districts in Colorado and is nationally recognized for innovation, community engagement, and technology. The following are just a few of our points of pride:

  • At 93.3%, St. Vrain’s four-year traditional-school graduation rate is the highest in the Denver Metro area.
  • The District’s Hispanic graduate rate continues to increase at a faster rate than the District total, going from 55.9% in 2010 to 88.3% in 2023 – also the highest in the Denver Metro region.
  • Our dropout rate, at 0.6% for all students and 1% for Hispanic students, is the lowest of any district in the Denver Metro area.
  • Last year, St. Vrain students had the opportunity to earn over 31,250 college credits through Advanced Placement courses, International Baccalaureate courses, and concurrent enrollment college classes.
  • Last year, 473 students participated in a work-based learning apprenticeship or internship program, and 693 certifications were awarded to students enrolled in one of 17 programs offering industry-recognized certifications.
  • Since 2019, St. Vrain athletes have brought home approximately 200 state titles, individual and team – the highest number of championships by percentage of students in Colorado.
  • St. Vrain has been recognized as a NAMM Best Communities for Music Education District for the past three years, representing the top 15% in the nation, and is the highest all-state choir performing district in Colorado.
  • St. Vrain has outperformed the Colorado average on 100% of state standardized assessments.
  • St. Vrain is home to over 240 competitive robotics teams, as well as numerous state, national, and world champions.

These accomplishments would not be possible without the support and investment shown by  the residents within our district. Schools are a critical part of the fabric of our community, and having a strong, high-performing school district benefits  everyone through increased property values and a vibrant local economy with a ready workforce.

Is the District’s enrollment projected to grow?

St. Vrain is one of the few districts in the Denver Metro Area that has continued to experience growth. The District’s enrollment is projected to significantly increase over the next decade, with an eventual build-out plan for 70,000+ students.

St. Vrain Valley Schools