ASD Two-Year School Bond
The 2020 Two-Year School Bond will support 16 schools across the Municipality of Anchorage by funding:
- Earthquake Recovery Projects
- Seismic Improvements
- Safety, Education, and Environmental Upgrades
- Capital Improvement Planning and Construction
Earthquake Recovery Projects: $26,926,000
Earthquake Recovery and Educational Improvement Projects: $42,510,000
Capital Improvement and Design Projects: $10,146,000
Planning & Design for 2022 Capital Improvement Projects: $3,251,000
Total Bond Amount
Impact to Taxpayers
- Two-Year Bond (No 2021 Bond)
- $29.1M less than the amount being paid off
- Estimated cost to taxpayers is $6.85 per $100,000 of assessed property valuation (accounts for $111.9M of paid off bond debt)
Two-Year Bond Cycle
ASD has entered a two-year bond cycle, meaning school bonds will not be on the ballot in 2021.
What effect will the ASD Bond have on our job market?
According to estimates provided by the Anchorage Economic Development Corporation,
if Proposition 2 passes, Anchorage could see the following job market improvements:
- 344 Direct Construction Jobs
- 66 Indirect
- 127 Induced
537 Total jobs
Total Compensation for all jobs: $44,555,937
Total Sales/Output for all jobs: $118,706,720
How will the proposed bond affect your neighborhood?
Click on the pindrops to see specific site improvements
Paying Off Debt
$111.9 million bond debt retirement during the next two years
Ongoing ASD Maintenance Work
ASD has more than 7.8 million square feet in facilities and maintains the largest public facility footprint in the State of Alaska. As Alaska’s largest public school district, ASD budgets nearly $21 million annually for building and preventive maintenance. A quality school’s functional life, without major renewal, ranges from 30 to 50 years. However, for ASD’s 86 school buildings—many built in the population boom of the 1960s and 1970s, additional funds beyond the maintenance budget are required.