AURORA | Preliminary returns show that both Cherry Creek mill levy and bond issue will pass with comfortable margins.
Both questions were passing Wednesday morning with about 55% of the vote.
The Cherry Creek School District mill levy and bond package could invest in safety, innovation, teacher pay and building maintenance, proponents say.
“If you don’t pass bonds for a long time, you have to cut your classrooms in order to accomplish that,” said Scott Smith, chief financial and operating officer for Cherry Creek School District.
Voters were given two questions on the Nov. 5 ballot.
The package included a $9 million mill levy increase and a $950 million bond issue, which would cost residents less than $15 monthly for the average home in Arapahoe County, valued at $500,000. This translates to charging homeowners less than $3 monthly for every $100,000 property value, according to officials.
In Colorado, voter-approved mill-levy increases, or overrides, raise property taxes for school district operating expenses. Voter-approved bond issues raise property taxes for capital improvement expenses only.
APS and Cherry Creek Bond and Mill Levy Question Results
The projects will include increased school security, expanding the Cherry Creek Innovation Campus, increasing teacher salaries, student mental health support and addressing maintenance needs on aging campuses.
“We have about 8 million square feet of space, and it costs us roughly $40 million a year to maintain that,” Smith said.
The package is a sum the school district put together through extensive planning and input from community members, according to the Director of Strategic Communications and External Affairs for Cherry Creek School District, Ashley Verville.
Although property taxes in the district and across the state increased, the schools do not necessarily receive those additional funds.
“When local property taxes go up, school districts get more money from their local voters,” Verville said. “We’re getting more from our local taxpayers, but the state’s contribution goes down. So it’s just that mix that changes. But our bottom line, our per-pupil funding stays the same.”
With the growth of the district and the expansion of services and programs provided to students, revenues have not kept pace with expenses.
“A lot of people in our district don’t realize we educate as many students in Aurora as Aurora Public Schools does,” Smith said. “Aurora is a key, if not the largest, community that we serve in Cherry Creek.”
Cherry Creek is Colorado’s fourth largest school district, with 52,409 students. Although Cherry Creek is located in Centennial, Arapahoe County, Greenwood Village and Aurora, Cherry Creek Schools comprise much of Aurora.
What the bond and mill levy will pay for:
Safety and Security: This includes hiring more trained security personnel and installing safety enhancements like ballistic window film. It will also cover replacing outdated security cameras and improving school access control systems.
Innovation in Education: expanding the Cherry Creek Innovation Campus, which offers students hands-on training in high-demand career fields. The expansion will allow the innovation campus to accommodate 70% more students and develop or expand 10 additional career pathways.
The campus is a big success, with programs filling up immediately. With expansion, many students can take advantage of a career-starting opportunity to obtain higher-paying jobs right out of high school.
Smith said times have changed since students chose between college and the trades. Now, they can get a head start in schooling for their careers in high school.
“These are very real careers that we’re able to help our kids access,” Smith said
Teacher salaries: The funding will support maintaining competitive salaries and teacher benefits, ensuring that Cherry Creek schools remain competitive in recruiting and retaining teaching talent, officials said.
Healthy, Innovative Learning Environments: A portion of the bond will be dedicated to replacing aging and deteriorating school buildings on three of the district’s oldest campuses: Laredo/Smoky Hill, Prairie/Overland, and the Cherry Creek K-12 campus.
“We are replacing buildings that have reached the end of their useful life, but making sure that we keep and honor the history and tradition that has existed in all of these facilities,” Smith said.
Student Health and Wellbeing: The package includes additional funds for student mental health and well-being resources.
Major Maintenance Projects: Due to budget reductions during the COVID-19 pandemic, the district faces more than $300 million in deferred maintenance needs. This bond issue would help address critical repairs and maintenance across the district, ensuring that buildings and infrastructure are safe, functional and up-to-date.
Since Colorado’s School Finance Act does not fund facilities or capital projects under the 1994 School Finance Act, districts must ask voters for additional funds. School districts must rely on bond measures and mill levies to raise funds to maintain and improve their facilities and programs.
A mill levy override supplements a school district’s operating budget, covering salaries, staffing, technology, supplies, transportation and utilities. It is funded through local property taxes and requires voter approval.
A recent change to the School Finance Act allowed Cherry Creek School District’s mill levy override limit to increase from 25% to 30% of its total program, Verville said.
A capital construction bond funds school district capital expenses, such as building and renovating schools, updating systems (heating, roofs, wiring), safety projects and larger technology purchases. Bonds are funded through local property taxes and require voter approval. Cherry Creek School District, with a strong credit rating, can issue tax-exempt bonds at low interest rates to cover these long-term costs, according to officials.