RISD proposes 2016 bond

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February 29, 2016
On Monday, Feb. 8, the Public Policy Committee hosted RISD representatives to speak on the proposed bond program. Speakers included Superintendent Dr. Kay Waggoner, Deputy Superintendent Tony Harkleroad, Deputy Superintendent Dr. Jeannie Stone and Executive Director Karah Altman.

Working with Board of Trustees, teachers and administrators from across the district, RISD developed a list of requested items to consider for inclusion in a 2016 bond package. This process has concluded with a recommendation that the Board call a bond election on February 15 for $437 million in a single proposition. Major elements of a proposed bond package would include:
  • $215.7 million to replace/repair current infrastructure, facilities, program/instructional equipment, technology and safety/security features that has reached or will reach end of useful life by 2021
  • $107.2 million for construction and capital measures to accommodate enrollment growth
  • $59.9 million for construction of a multipurpose activity center at each of RISD's four high schools
  • $19.4 million for additional instructional technology and devices to provide every RISD classroom with comparable technology
  • $17.1 million for renovations of every school library to create more flexible learning environments
  • $9.9 million for equipment to provide additional Career Technical Education courses and to support JROTC programs at each high school
  • $6.5 million in enrichment materials for curriculum and instruction
If approved by voters, a $437 million bond package would increase the debt service tax rate by 8 cents, which equates to a property tax increase of approximately $138.95 ($11.58 a month) for an average residential home in RISD. $20 million of the package would come from utilizing existing debt service fund balance and would not create an additional tax burden.

Approximately $47 million would be placeholder funds to address enrollment growth over the five year cycle, primarily in the Lake Highlands area. Deputy Superintendent of Instruction Dr. Jeannie Stone will be creating and leading a community reflector group of stakeholders to study potential options, with construction of additional classrooms at current schools, construction of a new school, and construction of a centralized pre-kindergarten center among possibilities. If you are interested in participating in the reflector group, please email your contact information to risd@risd.org.

The reflector group will work through the spring to arrive at recommendations to the Board for use of the placeholder funds to accommodate enrollment growth in the proposed bond.

For a breakdown on the current bond, please visit: http://www.risd.org/group/aboutrisd/Board_Of_Trustees/AgendaPackets/2016/012616/Proposed%202016%20Bond%20funds%20and%20contingency%2001262016.pdf.

To read updates about the current bond, please visit: http://www.risd.org/group/aboutrisd/Bond_Planning_News.html