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Bond and Finance Update

2016 Bond

In November 2016, the St. Vrain Valley community approved a $260 million bond to address rapid continued growth, enhance school safety and ensure that St. Vrain Valley Schools can continue our commitment to excellence in serving our community. This vote recognized that our community values public education, champions the success of our students and has strong trust and confidence in the future of our district. Bond projects are on schedule – or in many cases, ahead of schedule – as the district operations and finance departments work diligently to stay ahead of inflation and rising construction costs to ensure that we are receiving the highest value and return on our community’s investment in our schools.

Learn more at svvsd.org/bond


Financial Accolades

  • S&P bond rating of AA+ and a Moody’s bond rating of Aa
  • Enrollment has grown by 5,260 since October 2010
  • Fortune 500-level corporate sponsors and community partnerships
  • National award for financial reporting annually, 14 years running


Fiscal Responsibility

St. Vrain Valley Schools outperformed the 2008 bond by more than $22 million. Funds were reinvested in school buildings throughout the district. Since 2010, the district has refinanced bonds to lower interest rates, saving taxpayers more than $36 million over the life of the bonds. In October of 2018, the remaining $60.3 million in bonds of the $260.3 million 2016-approved authorization were sold. Savings on combined principal and interest payments over the life of both 2016 issuances amounted to more than $21 million compared to what was originally approved by taxpayers per ballot language. Bond spending is overseen by an accountability committee of community members and the district.


General Fund Sources and Use

63.21%
Direct Classroom
Instruction
34.02%
School Building and
Classroom Support
2.77%
Central Support
and Admin


Related Stories

ST. VRAINNOVATION was produced in-house by the St. Vrain Department of Communications.
ST. VRAINNOVATION and other district initiatives are generously supported by these and many other community sponsors.


© 2017 - St. Vrain Valley Schools