Taxpayers will see a $600 million ask from Jeffco Public Schools on the ballot this November after the school board voted last week in favor of pursuing a $567 million bond issue and a $33 million mill levy override this fall.
In a decision that came after more than an hour of public comment Aug. 23 and applause from meeting attendees, board members said the ballot measures were long overdue and called upon voters to invest in their local schools by voting for them.
Per district estimates, the annual tax impact of the bond issue would be about $22 per $100,000 of home value and the annual tax increase of the mill levy override would be about $25 per $100,000 of value; if both measures are approved, annual residential property taxes would increase by about $47 per $100,000 of value. The owner of a home valued at $300,000, for example, would pay about $141 more in property taxes each year.
In addition to placing the bond and mill levy override questions on the ballot, the board formally endorsed Amendment 73 — previously known as Ballot Initiative 93 and the Great Schools, Thriving Communities initiative — which could generate $1.6 billion annually for P-12 education in Colorado by raising income taxes for those whose annual income exceeds $150,000, increasing the corporate tax rate by 1.37 percent and change how residential property taxes are assessed for schools.
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