The new bond program is, in essence, a continuation of the old program of 1988 – which ends in five years. And the new bond will be repaid through property tax revenues over 30 years. According to an analysis by Public Financial Management: For the first year, 2013, a homeowner would pay $5 per $100,000 of assessed value for the new program in addition to the $23 for every $100,000 of assessed value for the existing bond program, which ends in 2017.
For the full term of the new program, a homeowner would pay an average of $27 for every $100,000 of assessed value, up to the maximum of $35 for every $100,000 of assessed value by 2021.
The informational campaign started with back-to-school. That week Carvalho visited Notre Dame d’Haiti Catholic Church, a touchstone for many Haitian families in Miami, and talked about the bonds at the Latin Builders Association.
On the first day of class, Carvalho highlighted capital improvements at North Dade Middle School, which got a completely new campus after a threat of collapse two years ago, and Miami Senior High, the historic campus in Little Havana that has been expanded and is getting a facelift. At Miami Senior, Carvalho touted the fact that the final cost of the project will come in at about $50 million - about half what was expected.
At a press news about Tropical Storm Isaac, Carvalho and his chief facilities officer, Jaime Torrens, reminded residents about general capital needs, beyond any minor storm damage.
“We definitely are vulnerable to tropical storms and hurricanes because of the age of a lot of our buildings. Many of our air-conditioning systems in particular and our roofs are nearing the end of their service life,” Torrens said. “This remains a concern to us, and we look to a permanent solution to this, hopefully in the near future.”
Other events on Carvalho’s calendar, where the bond issue will likely surface: at the Beacon Council; a town hall at Palmetto Senior High School; and the Kendall Federation of Homeowners Associations.
School Board Member Martin Karp said detail is essential.
“If you don’t have the information, you’re going to be skeptical and say we’d love to support education, but this is a lot of money. With a level of detail, I have no problem getting behind this.”