GRAND JUNCTION, Colo. (KKCO/KJCT) The Grand Junction Economic Partnership on Tuesday unveiled the results of an economic impact study that involved the $118 million bond and the $6.5 million levy for School District 51 in Mesa County.
"We believe that supporting a strong K-12 education is critical to the economic vitality of Mesa County," said Kristi Pollard, the executive director of the Grand Junction Economic Partnership.
The study breaks up the benefits into three different categories-- direct, indirect and induced.
Direct effects are the exact dollars that go into the projects, indirect effects are business-to-business ventures, and induced effects are those dollars people take out into the city buying groceries and other retail goods.
According to the study, the bond measure would create nearly 300 construction jobs and more than $155 million dollars in the next two years.
"This is a smart investment, and this is an investment that should not only be thought of for parents or people connected to the school, but that it has really broad ranging and wide spread economic impact that everyone in the community will feel," Kelly Flenniken, Chair of Citizens for School District 51, said.
The total impact the mill levy would have on School District 51 is a little more than $305 million.
The district said the money would be given to specific issues within the district. Orchard Mesa Middle School would get $40 million of the bond money. $300,000 of the money from the mill levy would go to technology resources in the school district.
The report was put together by the Economic Development Council of Colorado. Voters will vote on the measures, 3A and 3B in November. If passed, property taxes would increase by about $10 per household per month.