Shall School District No. 27J debt be increased by $148 million, with a repayment cost of $295 million, and shall district taxes be increased $24 million annually, for enlarging, improving, repairing or making additions to school buildings, for equipping or furnishing school buildings, for improving school grounds, or acquiring, constructing or improving any capital asset that the district is authorized by law to own, which improvements may include but are not limited to the following:
• Acquiring, constructing and equipping a new high school and two new elementary schools to reduce overcrowding in the classrooms;
• Renovating, enlarging and improving other school facilities to accommodate student growth;
• Updating, repairing, improving and renovating existing school buildings to increase safety features and promote the teaching skills and technology necessary to prepare students to compete for 21st century jobs; And shall the mill levy be increased in any year without limitation as to rate but only in an amount sufficient to pay the principal of and premium, if any, and interest on such debt or any refunding debt when due; the authority for such tax and mill levy increase to terminate when the debt or refunding debt is paid; such debt to be evidenced by the issuance of general obligation bonds or other multiple fiscal year financial obligation, such bonds to be sold in one series or more in an aggregate amount not to exceed the maximum authorized principal amount and repayment cost, on terms and conditions as the Board of Education of the district may determine, including provisions for redemption of the bonds prior to maturity with or without payment of the premium; and shall the district’s debt limit be increased from an amount equal to 20% of the district’s assessed value to 6% of the district’s actual value, each as certified by the county assessors of Adams and Weld Counties and the City and County of Broomfield; and shall the proceeds of such bonds and the revenues from such taxes and any earnings from the investment of such proceeds and revenues be collected and spent without limitation or condition, and without limiting the collection or spending of other revenues or funds by the district under Article X, Section 20 of the Colorado Constitution or any other law?