Finance Information
2022 Bond
The 2022 bond measure will raise $518.4 million for school construction and capital improvements. This table shows a breakdown of the bond measure funding.
|
2022 Bond Projects |
Cost |
|---|---|
| Build a new Evergreen High School with a capacity of 1200 students. | $213.3M |
| Build a new Tyee High School with a capacity of 1200 students. | $189.7M |
| Build a new Pacific Middle School with a capacity of 950 students. | $142.7M |
| Replenish the capital fund for critical needs and site improvements. | $17M |
| Total bond cost | $562.76M |
| (Bond 2016 Funding) | ($10.1M) |
| (Matching funds enabled from State and Port) | ($34.2M) |
| Bond Funding Needed | $518.40M |
2016 Bond
The 2016 bond measure raised $299 million for school construction and capital improvements. This table shows a breakdown of the bond measure funding plan.
|
2016 Bond Projects |
Cost |
|---|---|
| Build a new middle school on the district-owned Glacier site with a capacity of 950 students. | $93.3M |
| Build new school on the district-owned Zenith site to house Des Moines students with a capacity of 700 students. | $49M |
| Rebuild Highline High School, preserving as much of the façade as structurally and financially feasible, with student capacity of 1500 with ability to expand to 1800 students. | $103.4M |
| Make required safety improvements to the Olympic site, so it can be used to house students during the HHS construction and future school construction projects. | $18.5M |
| Begin design of new Evergreen and Tyee campuses and Pacific Middle School. | $14M |
| Replenish the capital fund for emergency repairs and critical needs, which will be depleted in 2017-18. | $19M |
| Install safety and security improvements at all schools in the district. | $2.65M |
| Total bond cost | $299.85M |
| Matching funds enabled (State and Port) | $53.25M |