Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • Investing in a popular mutual fund? 5 things to check beyond AUM and past returns
    • MF return vs investor reality: Small-cap funds gain 15%, but investors lose money. Here’s how
    • Small-cap mutual funds shine: These schemes led the six-month rally
    • CI Global Asset Management Announces Risk Rating Change for CI Floating Rate Income Fund
    • JioBlackRock AMC launches fund with dynamic equity-debt allocation
    • GraniteShares Files For 2x Long And 2x Short Anthropic ETFs AIL And ANS
    • HDFC Pharma & Healthcare Fund Delivers 30.19% CAGR, Scheme Bets On India’s Expanding Healthcare Sector
    • What tokenised bonds mean for India’s debt market – Market News
    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

    What tokenised bonds mean for India’s debt market – Market News

    September 8, 2026

    Bonds seen boxed in narrow range as traders eye fresh triggers

    September 8, 2026

    Japanese investors favoured foreign equities over bonds in August

    September 7, 2026
    Leave A Reply Cancel Reply

    Top Posts

    Are Emerging Market Bonds Becoming the Safer Bet?

    September 7, 2026

    To sustain global influence, Gulf economies recalibrate foreign investments as war drains revenues

    September 5, 2026

    Investing in a popular mutual fund? 5 things to check beyond AUM and past returns

    September 8, 2026

    GraniteShares Files For 2x Long And 2x Short Anthropic ETFs AIL And ANS

    September 8, 2026
    Don't Miss
    Mutual Funds

    Investing in a popular mutual fund? 5 things to check beyond AUM and past returns

    September 8, 2026

    Mutual Fund Strategy: A large asset under management (AUM) and an impressive recent return may…

    MF return vs investor reality: Small-cap funds gain 15%, but investors lose money. Here’s how

    September 8, 2026

    Small-cap mutual funds shine: These schemes led the six-month rally

    September 8, 2026

    CI Global Asset Management Announces Risk Rating Change for CI Floating Rate Income Fund

    September 8, 2026
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    EDITOR'S PICK

    The New World of Travel Startup Funding

    August 25, 2024

    TIME Investments delays transitioning social daily dealing property fund to hybrid due to SDR

    March 18, 2025

    IndusInd Bank shares in focus as lender gets RBI approval for mutual fund biz

    August 20, 2024
    Our Picks

    Investing in a popular mutual fund? 5 things to check beyond AUM and past returns

    September 8, 2026

    MF return vs investor reality: Small-cap funds gain 15%, but investors lose money. Here’s how

    September 8, 2026

    Small-cap mutual funds shine: These schemes led the six-month rally

    September 8, 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.