Welcome to "post oil" Alaska.  We knew this day was coming.  Regarding Anchorage Schools, we simply do not have enough money to continue the management style of Carol Comeau which is to hoard any excess cash from bond sales while spending all other local and state revenue on short-term daily operations. The school district can no longer simply defer critical maintenance using bond debt to maintain the plant.  If you now have non-productive assets due to lower student population then you should dispose of those assets or deactivate them.  Here we go with another bond to pay for deferred maintenance.   I will vote "NO" because there is no excuse to not maintain the roof on any school building by using budgeted (accumulated) maintenance reserves.