ELECTION: Thompson voters approve mill levy, bond issue

LOVELAND — Voters in the Thompson School District reversed their decision of two years ago and have approved both a mill-levy override and a bond issue.

As of 11:30 p.m., Issue 5A was passing with 59.44 percent of the vote, including votes from district residents living in Larimer, Weld and Boulder counties.

Issue 5B was passing with 58.42 percent of the vote. 

Issue 5A, a mill-levy override, would add $13.8 million a year in tax revenue in order to support teachers and educational resources.

The measure would permit the district to maintain its teacher numbers — and therefore maintain or improve class sizes — while also giving raises to staff. Curriculum resources, books and technology would also be improved through use of the override.

The tax is estimated to add $185.95 per year to the taxes on a $350,000 home.

Issue 5B, the bond issue, would increase district debt by $149 million and raise $15.9 million in new taxes annually to repay the bonds. The bond money would be restricted in its use and permitted to be used only for safety and security improvements to schools, replacing HVAC, plumbing, roofs and other maintenance needs at existing schools, the construction of a new K-8 school east of Interstate 25 where the district is growing, and adding classrooms to Berthoud Elementary School and Ivy Stockwell Elementary School, both in Berthoud.

The bond issue would add $100.32 in new taxes per year to a home valued at $350,000.

 

LOVELAND — Voters in the Thompson School District reversed their decision of two years ago and have approved both a mill-levy override and a bond issue.

As of 11:30 p.m., Issue 5A was passing with 59.44 percent of the vote, including votes from district residents living in Larimer, Weld and Boulder counties.

Issue 5B was passing with 58.42 percent of the vote. 

Issue 5A, a mill-levy override, would add $13.8 million a year in tax revenue in order to support teachers and educational resources.

The measure would permit the district to maintain its teacher numbers — and therefore maintain or improve class sizes — while also giving raises to staff. Curriculum resources, books and technology would also be improved through use of the override.

The tax is estimated to add $185.95 per year to the taxes on a $350,000 home.

Issue 5B, the bond issue, would increase district debt by $149 million and raise $15.9 million in new taxes annually to repay the bonds. The bond money would be restricted in its use and permitted to be used only for safety and security improvements to schools, replacing HVAC, plumbing, roofs and other maintenance needs at existing schools, the construction of a new K-8 school east of Interstate 25 where the district is growing, and adding classrooms to Berthoud Elementary School and Ivy Stockwell Elementary School, both in Berthoud.

The bond issue would add $100.32 in new taxes per year to a home valued at $350,000.