New Middle School Bond Issue Brochure
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DODGE CITY SCHOOL BOND ISSUE November 2, 2010 THE COST THE NEED The Actual Bond · $35 million total bond issue · 4.60% Average Interest Rate · 20-year payback period vs. 30 years, reducing the total interest paid State Equalization · State matches funds 51% of costs · $17.85 million paid by Ford County · 51¢ of every $1 00 is paid by all Kansas counties, not just Ford County Taxpayers’ Costs · Homeowner in USD 443 taxing district All costs are estimates and based on 2009 assessed valuation and projected 2011 market conditions Future · 1,071 Kindergarten and 1st Graders are in school now · More than 275 additional students will be in 5th, 6th, 7th, and 8th grades soon Research · Community Facilities Task Force (12/04) reports the need for additional middle school space · Community survey (04/08) finds that the community understands the need for additional space Critical Age · Middle schools students will benefit from additional oppourtunities · Small class sizes lead to better academic performance Now · Current middle school has more than 850 students · Temporary buildings in place · More permanent solution is critically needed OUR COMMUNITY OUR FUTURE OUR DECISION OUR COMMUNITY is growing and continues to have some of the lowest unemployment numbers in the nation. OUR FUTURE includes more children in school. The number of students in USD 443 has grown for over two decades and is not slowing. OUR DECISION is criticial to a strong educational system that is an integral quality of life consideration for individuals and businesses seeking to locate in our community. OUR COMMUNITY OUR FUTURE OUR DECISION
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Transcript of New Middle School Bond Issue Brochure
DODGE CITYSCHOOL BOND ISSUENovember 2, 2010
THE COSTTHE NEEDThe Actual Bond
· $35 million total bond issue· 4.60% Average Interest Rate· 20-year payback period vs. 30 years,
reducing the total interest paid
State Equalization· State matches funds 51% of costs· $17.85 million paid by Ford County· 51¢ of every $100 is paid by all Kansas
counties, not just Ford County
Taxpayers’ Costs· Homeowner in USD 443 taxing
district
All costs are estimates and based on 2009 assessed valuation and projected 2011 market conditions
Future· 1,071 Kindergarten and 1st
Graders are in school now· More than 275 additional students
will be in 5th, 6th, 7th, and 8th grades soon
Research· Community Facilities Task
Force (12/04) reports the need for additional middle school space
· Community survey (04/08) finds that the community understands the need for additional space
Critical Age· Middle schools students will benefit
from additional oppourtunities· Small class sizes lead to better
academic performanceNow
· Current middle school has more than 850 students
· Temporary buildings in place· More permanent solution is
critically needed
OUR COMMUNITY OUR FUTURE OUR DECISION
OUR COMMUNITYis growing and
continues to have someof the lowest unemployment
numbers in the nation.
OUR FUTUREincludes more childrenin school. The numberof students in USD 443
has grown for overtwo decades
and is not slowing.
OUR DECISIONis criticial to a strong
educational system that isan integral quality of life
consideration for individualsand businesses seeking
to locate in our community.
OUR COMMUNITY OUR FUTURE OUR DECISION
DODGE CITYSCHOOL BOND ISSUENovember 2, 2010
THE PLAN
OUR COMMUNITY OUR FUTURE OUR DECISION
Addresses current growth in student enrollment at the middle level(7th & 8th grades) and allows for continued growth for the future.
· Build a second middle school that will accomodate 600-700 students in 6 teams.
· Locate at Iron Road & Sixth Avenue where land infrastructure will be cooperatively developed by Dodge City Public Schools and the City of Dodge City, keeping improvements costs at half of other location options.
14th
Str
eet
6th
Str
eet
Iron Road
