The LPS Bond Measure 4A is a property tax increase that will be decided by local voters. It will raise $298 million for capital projects, such as the construction of new schools, continued repair and upkeep of others, the renovation of the former Schomp Automotive property into a Career and Technical Education and Innovation Center, and new furniture in LPS schools.
Statewide Initiative Amendment 73 is a statewide income tax affecting the top 8% of income earners in Colorado. It will raise $1.6 billion annually for K-12 education statewide, bringing Colorado closer to the national average in school funding. LPS' share of those funds is $23.1 million annually. Funds will be spent on recurring needs such as additional staff in schools to better meet the safety, academic and mental health needs of students; new programming and additional staff for the Career and Technical Education Center; and free full-day kindergarten districtwide.
In LPS, both initiatives work together to provide funding that will address student needs. LPS taxpayers will have the opportunity to vote on both initiatives.
For more information, please visit November Ballot: Local Bond 4A & State Funding Initiative Amendment 73 on the district website.