CARLSBAD — The Carlsbad Unified School District and its teachers have an official deal.

The Carlsbad Unified School District board approved an agreement with the Carlsbad Unified Teachers Association at their meeting on June 13. The teachers had previously approved the deal with a vote of 88 percent in favor.

“It is good to have settled negotiations with the teachers’ union. We are excited to have the opportunity to work with the union to develop a fair-share formula so we can avoid acrimonious negotiations in the future,” said Carlsbad schools Superintendent John Roach.

The agreement calls for a 5 percent raise for the current school year, an additional 3 percent raise effective Nov. 27, 2007, and another 1 percent raise effective July 1, 2008.

The district is also moving forward in the process of selling bonds approved by Proposition P, which are allocated toward construction projects. Voters approved Proposition P last November.

Though the total amount of bonds approved by voters is $198 million, only enough will be sold to cover the district’s expenditures for the next three years, said Walter Freeman, assistant superintendent of business services.

The money will go toward a complete renovation of Carlsbad High School, which will cost more than $80 million. “We are replacing many buildings that have been around for 40 to 50 years,” Freeman said.

There will also be construction of a new high school for more than $80 million and major renovations of Valley Middle School. Four elementary schools — Magnolia, Buena Vista, Kelly and Hope — will be renovated as well. The district also hopes to build a new classroom building at Pacific Rim Elementary and at Aviara Oaks Middle School to replace portables.

The exact amount of the bond offerings won’t be known until July, although district officials decided sales would not exceed $95 million. The district is formulating its facilities master plan this month and a tax assessor will determine the tax rate on the bonds. Voters imposed a tax cap of $27 per $100,000 of assessed value.

Laura Bowen, president of the Carlsbad Unified Teachers Association, is worried that the district might be overextending itself.

“I’m concerned with the future of the district being fiscally responsible. I’m concerned about the population and lowering enrollment. We’ve got to remember to be fiscally responsible and not just give every parent what they want,” she said.

Bowen said she is concerned with how an overstretched budget will affect other considerations in the district. “It affects programs and total compensation packages for employees. It affects class size. It affects maintaining current schools. I’m hoping the district is looking 10, 20 years out.”

Carlsbad High will be renovated to accommodate 2,400 students compared to its current 3,000. The new school will be planned to accommodate 2,400 students, but will originally be built to accommodate 1,500 students. The construction projects should take three to five years to complete.