Loveland education leader warns of $133M property value loss from school funding cuts

In a compelling discussion at the Thompson School District's Board of Education Special Meeting on December 13, 2024, the critical link between school funding and community prosperity took center stage. Board members emphasized that investing in education not only enhances student outcomes but also significantly boosts local property values and economic stability.

One board member highlighted that children from communities that underfund their schools tend to experience lower academic performance, higher poverty rates, and increased crime. In contrast, well-funded schools contribute to rising property values, with homes in top-rated school zones selling for up to 77% more per square foot. This correlation underscores the importance of quality education in attracting families and businesses, ultimately leading to more desirable neighborhoods.

The discussion also touched on the broader economic implications of investing in education. With 90% of students graduating and many receiving scholarships and vocational certifications, the district is preparing a workforce ready for high-paying trades. This investment not only benefits students but also strengthens the local economy, as teachers and staff contribute to community spending.

However, concerns were raised about potential budget cuts and the impact of a failed mail-in bond, which could lead to a staggering estimated decrease of $133 million in property values. Board members expressed urgency in advocating for school funding, stressing that every homeowner benefits from a strong educational system.

The meeting concluded with a call to action for the community to recognize the long-term benefits of investing in education, not just for current students but for the overall health and prosperity of the community. As one board member poignantly stated, “We owe it to our kids to do better than they did for us.” The discussion highlighted the pressing need for a renewed commitment to public education as a cornerstone of community development.