2008 Bond Economic Impact
The 2008 bond issue had a major impact on the local economy. Seventy-five schools received work, benefitting 20 general contractors, 11 menchanical subcontractors, 12 electrical subcontractors and 18 architectural firms involving more than 55 architects. The bond issue impacted other firms as well including asbestos removal firms, soil testing companies, furniture vendors, equipment suppliers and numerous other subcontractors.
2000 Bond Economic Impact
The 2000 bond issue supported nearly 700 jobs each year, and represented 16% of all commercial construction in Wichita during the period from 2000-2007. Yes, there are questions about the condition of the national economy. Yes, the Wichita BOE is concerned about the financial impact of this bond issue on the community. But most importantly, yes, the Wichita BOE also knows that this is necessary in order to support Wichita’s currently strong economic position, property values and the ability to recruit and retain families in the Wichita community rather than encouraging them to move to the suburbs.
View Wichita State University's Bond Impact Analysis of the 2000 Bond Issue Here: Bond Impact Analysis
2008 Bond Financial Accountability
2008 Bond Issue completed on budget
Total amount for all 2008 bond issue projects: $373,573,825.34
- Elementary: $136,628,413
- Middle: $36,680,551.62
- K-8: $18,690,025.34
- High: $181,574,835.38
60 storm shelters
- $14,937,155.72 supported by FEMA funds
- $5,509,370 in captial funds
2000 Financial Accountability
- $284.5 million bond issue finished on time and on budget
- All architectural firms, general contractors and sub-contractors employed for bond issue construction are from Wichita or south central Kansas.
- Low-interest rates for bonds financed during this period will save taxpayers approximately $49 million.
- Refinanced bonds will save taxpayers an additional $3.3 million. In addition to bond funding, additional dollars were invested to support construction projects: $41.6 million from district capital funds, more than $5 million from FEMA to support
- In addition to bond funding, additional dollars were invested to support construction projects: $41.6 million from district capital funds, more than $5 million from FEMA to support construction of safe rooms, and $31.4 million in facility weighting dollars from the state