Voters approve $723M Beaverton School District bond measure
Voters have approved the Beaverton School District's $723 million capital improvement bond measure to modernize and upgrade schools across the district and completely rebuild Beaverton High School and Raleigh Hills K-8.
As of Monday, May 23, 54.18% of voters have voted "yes" to approve the bond, and 45.82% of voters have voted "no," unofficial results say.
The 30-year bond will also pay for seismic upgrades, technology, deferred maintenance and additional capacity in Beaverton's schools.
With the bond measure passed, Beaverton homeowners will soon see a property tax increase, estimated at an extra 25 cents per $1,000 of assessed property value. For an average home assessed at just over $300,000, the bond is expected to raise costs about $76 for the first year.
The 25-cent increase is based off the current tax rate, which is $2.09 per $1,000 of assessed property value. Because of the debt service schedule, the actual tax rate for the bond will decline over time, the Beaverton School District said.
On a FAQ page about the bond, the district said it will take approximately seven years to complete the planned construction projects under the bond, but the funds would be raised over a 30-year payment schedule.
The bond team has a "master schedule," the site says, and construction will likely start around Summer 2023.
Of the $723 million allocated for the bond, $397 million will go toward modernization projects and $120 million will go toward deferred maintenance at various schools.
The rest of the planned funding includes $44 million for technology replacements and upgrades, $40 million for seismic upgrades, $27 million for security equipment and $10 million for additional capacity in schools. For managing the bond, the district would allocate $50 million for staff plus a contingency fund of $43 million.
The district also qualifies for an $8 million grant from the state since voters passed the measure, which is calculated into the budget.
Parents, staff and community members can find a full list of the projects planned at schools across the district online.
The 2022 bond comes after voters passed a $680 million bond in 2014, which is finishing up this year.
The previous bond paid for upgrades across the district and the building and rebuilding of various schools, including Mountainside High School, Arts & Communication Magnet Academy, Tumwater Middle School and four elementary schools.
The district's Board of Directors voted to put this year's bond measure on May ballot in February. At a Feb. 15 meeting, the board's Vice Chair Becky Tymchuk said she was proud to live in a community that thinks ahead and votes for things like bond measures.
"We say we value students here, we value staff — and we show it. We pass bonds," Tymchuk said in the meeting. "And it's not just one bond. It's years ahead that we see what we're accomplishing by putting money into our facilities."
Editor's note: This story has been updated with the vote tally as of Monday, May 23.
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