Colorado Springs School District 11 seeks $775M bond for school upgrades

Colorado Springs School District 11 is asking voters to approve a $775 million bond to fund repairs and upgrades to its schools. The proposal, listed as Issue 4A, would increase property taxes for homeowners in the district. The funds are intended for projects such as building a new Holmes Middle School and upgrading heating and cooling systems at Coronado High School.

The bond proposal would raise property taxes, with the district treasurer estimating the average homeowner would pay about $22 more per month. This funding is needed because the district currently receives between $15 million and $25 million annually for major building improvements, while replacing a single heating and cooling system can cost $15 million.