What is the difference between and Bond and a Mill Levy Override?
A bond supports the school building itself; mill levy override funds support what happens in the building. Bonds are similar to a mortgage for school buildings and other facilities needs. A mill levy override provides funds for ongoing operations expenses such as teacher salaries, classroom materials, computer equipment for students, counseling support, and school safety staff.
Both a bond and a mill levy override are funded through property taxes.
Does a mill levy override grow with inflation?
Jeffco mill levy overrides have always been structured so that the value of the mill does not decrease in worth over time. School expenses are subject to inflation, just like everything else, so this helps to maintain a stable funding level. However, if the economy shifts negatively, so will this mill factor, as it reflects the local economy.
Where will the bond money be spent?
Where will the mill levy override money be spent?
What updates is my school getting and when will they be completed?
Construction and improvements will continue for the next several years. Please consult the latest capital improvement update to learn more about your school's improvements and their timeline for completion.
What schools are receiving additions?
Elementary school additions:
- Edgewater Elementary School (Edgewater)
- Lumberg Elementary School (Edgewater)
- Molholm Elementary School (Lakewood)
- Foster Elementary School (Arvada)
- Powderhorn Elementary School (Littleton)
- Parmalee Elementary School (Indian Hills)
- Wilmot Elementary School (Evergreen)
Middle school additions:
- Bell Middle School (Golden)
- Evergreen Middle School (Evergreen)
- The Manning School (Golden)
- Oberon Middle School (Arvada)
- Wayne Carle Middle School (Westminster)
High school additions:
- Alameda International Jr/Sr High School (Lakewood)
- Arvada High School (Arvada)
- Columbine High School (Littleton)
- Conifer High School (Conifer)
- Green Mountain High School (Lakewood)
- Jefferson Jr/Sr High School (Edgewater)
- Pomona High School (Arvada)
- Ralston Valley High School (Arvada)
- Standley Lake High School (Westminster)
Other additions:
- Jeffco Open School (Lakewood)
- Three Creeks K-8 (Arvada)
What schools are being replaced?
Kendrick Lakes Elementary School (Lakewood), Marshdale Elementary School (Evergreen), and Prospect Valley Elementary School (Wheat Ridge) will all receive on-site replacements.
What new schools are being built?
Locations for new school sites are not final. We have plans for schools in West Central Lakewood and NW Arvada/Leyden Rock but haven’t settled on specific locations at this time. These will likely be elementary schools.