Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • Is Fidelity Telecom/Utilities Fund (FIUIX) a Strong Mutual Fund Pick Right Now?
    • CIBC and CIBC Global Asset Management expand access to existing ETF strategies with three new mutual funds
    • Moneycontrol hosts Mutual Fund Summit in Delhi with policymakers and market leaders for Viksit Bharat
    • Martin Lewis says these people ‘least suited’ for Premium Bonds
    • One mutual fund for large-, mid-, small- and micro-cap exposure: How Nifty Total Market Index schemes fare on returns
    • Martin Lewis exposes ‘irony’ of who’s ‘least suited’ for Premium Bonds
    • Bitcoin ETFs Keep Winning While Ether ETFs Bleed $138 Million
    • Nifty has fallen for 8 straight weeks: How should SIP investors rethink their strategy? Experts explain
    Facebook X (Twitter) Instagram
    Fund Focus News
    • Home
    • Bonds
    • ETFs
    • Funds
    • Investments
    • Mutual Funds
    • Property Investments
    • SIP
    Fund Focus News
    Home»Bonds»School bosses detail 4 multimillion-dollar projects if bond passes
    Bonds

    School bosses detail 4 multimillion-dollar projects if bond passes

    July 26, 2024


    MUSD

    Maricopa Unified School District’s chief financial officer on Wednesday laid out new project details on a proposed $70 million bond election the district will take to voters Nov. 5.

    Jacob Harmon said the bond election, if it passes, will address rapid enrollment growth in Maricopa as MUSD approaches 10,000 students.

    “The $70 million bond will supplement state funding for school construction and expansion over several years,” he told the MUSD Governing Board Wednesday. Harmon said the bond amount is set to avoid a tax rate increase.

    “Our bond tax rate decreased 12 cents this year, from 92 cents down to 80 cents,” Harmon said. If this $70 million bond passed in November the tax rate will not go above 80 cents and will carry an average tax rate of 63 cents.”

    Proposed is funding for two new schools for students between kindergarten and eighth grades. This includes a middle school and an elementary school.

    Also proposed are Maricopa High School facilities for Career and Technical Education, college preparation and workforce development. This would add instructional space, Harmon said.

    Adding classroom space to existing schools is also proposed and would be supported in the bond issue.

    The new middle school in the Sorrento community will cost nearly $44 million.

    “The Sorrento site south of North Sorrento Boulevard was donated to the district,” said MUSD spokesperson Mishell Terry.

    “We will receive additional funds for using a donation site and approximately $500,000 of additional grant funds from the state for using a donation site,” Terry said.

    Construction would break ground in the summer next year and take two years to build.

    “We were awarded a grant from the Arizona School Facilities Division for new school construction,” she said. The grant is awarded at $320.54 per square foot to build 96,670 square feet.

    The total state grant is almost $31 million.

    State school construction dollars come because of the grant award from the state school facilities division and the state legislature’s approval two months ago.

    The last Maricopa middle school was built in 2009. The new school would house about 1,200 students and open during the 2026-2027 school year.

    The district would dole out about $25 million for improvements at Maricopa High School, Harmon said.

    The new elementary school would be built starting in July 2026 and completed by July 2028. It is planned to have 96,670 square feet at a cost of $44 million and include a state grant of $41.7 million.

    Harmon said the cost of an additional 125,000 square feet of classroom space would cost $56.8 million and come with a state grant of $44.7 million.

    The four projects come to a cost of about $69 million.

    “Obviously, we need the bond in order for our students to receive a first-class education,” school board member Torri Anderson said. She expressed concern about losing SFD grant funding, which could lead to “bare bones” classrooms.

    Board Vice President Patti Coutré said she was glad Harmon’s plan as presented was simple and limited to four projects.

    “It’s all about new facilities for our students and staff, and the community is going to have a chance, an opportunity to invest in our schools,” Coutré said. “I hope that they will because we’re not raising taxes and we’re going to be able to keep that standard, keep our class sizes where they need to be with the community support.”

    Board President Robert Downey said he agreed with Coutré and was glad the bond proposal was academically based.





    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email

    Related Posts

    Martin Lewis says these people ‘least suited’ for Premium Bonds

    October 5, 2026

    Martin Lewis exposes ‘irony’ of who’s ‘least suited’ for Premium Bonds

    October 5, 2026

    Individual Government Bonds Can Be Transferred Within One Year

    October 4, 2026
    Leave A Reply Cancel Reply

    Top Posts

    Martin Lewis says these people ‘least suited’ for Premium Bonds

    October 5, 2026

    Is Fidelity Telecom/Utilities Fund (FIUIX) a Strong Mutual Fund Pick Right Now?

    October 5, 2026

    Business Daily – Listen again: Bonds, heroes or villains?

    October 4, 2026

    CIBC and CIBC Global Asset Management expand access to existing ETF strategies with three new mutual funds

    October 5, 2026
    Don't Miss
    Mutual Funds

    Is Fidelity Telecom/Utilities Fund (FIUIX) a Strong Mutual Fund Pick Right Now?

    October 5, 2026

    On the lookout for a Sector – Utilities fund? Starting with Fidelity Telecom/Utilities Fund (FIUIX)…

    CIBC and CIBC Global Asset Management expand access to existing ETF strategies with three new mutual funds

    October 5, 2026

    Moneycontrol hosts Mutual Fund Summit in Delhi with policymakers and market leaders for Viksit Bharat

    October 5, 2026

    Martin Lewis says these people ‘least suited’ for Premium Bonds

    October 5, 2026
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    EDITOR'S PICK

    Zee Business Mutual Fund Awards 2025: From ICICI to SBI, major AMCs shine as industry celebrates Rs 75 lakh crore milestone

    August 2, 2025

    Stocks and bonds tumble as investors price in ‘protracted energy shock’

    March 19, 2026

    Bitcoin Is Down 19% in 2026 and These 3 ETFs Give You Every Way to Play It

    March 25, 2026
    Our Picks

    Is Fidelity Telecom/Utilities Fund (FIUIX) a Strong Mutual Fund Pick Right Now?

    October 5, 2026

    CIBC and CIBC Global Asset Management expand access to existing ETF strategies with three new mutual funds

    October 5, 2026

    Moneycontrol hosts Mutual Fund Summit in Delhi with policymakers and market leaders for Viksit Bharat

    October 5, 2026
    Most Popular

    🔥Juve target Chukwuemeka, Inter raise funds, Elmas bid in play 🤑

    August 20, 2025

    💵 Libra responds after Flamengo takes legal action and ‘freezes’ funds

    September 26, 2025

    🇮🇸 CPP Investments and Equinix complete atNorth acquisition to support growth of leading Nordic data center platform

    September 1, 2026
    © 2026 Fund Focus News
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.