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Trustees briefed on bond and override spending; bond authority exhausted as of 06/30/2025
Summary
Board received an informational presentation showing $19 million in bond expenditures in FY25 and that remaining bond authority is zero as of June 30, 2025; staff outlined differences between bonds and capital overrides and flagged constraints on future revenue options.
Mesa Unified District finance staff presented the board with the district’s FY25 bond and override expenditure report during a special meeting on Feb. 24, 2025. The presentation was informational; there was no board action tied to the item. Staff summarized bond spending, remaining authority, and how the district is using override funds for salaries and security.
Mister Alexander, a finance staff member, reported the district spent just over $19,000,000 in bond proceeds during fiscal 2025. He said roughly $11.8 million of that was for construction and renovation and about $7,000,000 was spent on technology; the district did not purchase transportation vehicles with bond funds that year. Alexander noted that as of June 30, 2025, remaining…
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