Glendale 40 School District Bond Measure (November 2011)
This measure was approved
- YES 2,364 (59.07%)
- NO 1,638 (40.93%)
This measure sought to issue a bond in the amount of $28.2 million in order to pay for school renovations, new buses, ground improvement costs and upgrading technology throughout the district. School officials noted that regardless of the vote, the rate of taxes levied in the district will decrease because the district has been aggressively paying off is previous debts and will allow the district to have a lower tax rate by about $1 million for the next school year. Since it was approved, homeowners would pay, on average, $55 per $100,000 of assessed property value. The district has not had any capital improvement money from the state for four years and the last bond was eight years ago, all that money has been spent by the district.
Text of measure
The question on the ballot:
This text is quoted verbatim from the original source. Any inconsistencies are attributed to the original source.
|Shall Glendale Elementary School District No. 40 of Maricopa County, Arizona, be allowed to issue and sell general obligation bonds in the principal amount of not to exceed $28,285,000 to provide money for the following purposes: Renovating school buildings; Purchasing pupil transportation vehicles; Improving school grounds, including adjacent ways thereto; Supplying school buildings with furniture, equipment and technology; Constructing school buildings; Liquidating indebtedness incurred for the purposes set forth herein; Providing all utilities and other capital items necessary for the construction and renovation of school buildings and for improving school grounds; Paying all architectural, design, engineering, project and construction management and other costs incurred in connection with the purposes set forth above; and Paying all legal, financial and other costs in connection with issuance of the bonds?|