Denver Public Schools is asking voters for permission to borrow a record amount of money — nearly $1 billion — in the Nov. 5 election via Ballot Issue 4A. Here’s an explainer.
In this Aug. 26, 2019, file photo, Elise Myren, 12, then a seventh grader, in the middle, joined teachers and community supporters in holding up signs as they took part in a protest outside of the Denver Public Schools administration building to demand equity for students attending classes in excessively hot classrooms. District officials have said the bond is needed to upgrade and repair aging buildings and to build a new school in the far northeast part of the city.
DPS officials have said that taxes will not increase if the bond passes because older debt is getting paid off, freeing up repayment capacity. If voters don’t approve the measure, then property taxes will decrease for homeowners and commercial real estate owners. $127 million to upgrade 12 middle and high school performing arts hubs, three innovation centers and 14 athletic facilitiesSupporters say that without the bond, DPS would need to use money that would otherwise go for educator pay and classroom instruction to cover maintenance, upgrades and improvements.
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