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Maricopa USD reports bond, override spending; K–8 school one under construction, second pending state grant
Summary
District finance staff told the governing board the district sold $42.75 million in bonds in April, reported override spending that funded roughly 59 teachers and other initiatives, and said K–8 school No. 1 is under construction and trending under budget while K–8 No. 2 awaits a December state grant decision.
Maricopa Unified School District finance staff told the governing board on Wednesday that the district’s bond sale and override funds remain on track and that construction of the district’s first new K–8 building is under way.
Mr. Harmon presented the annual bond and maintenance-and-operations (M&O) override report required under state law. "Our Arizona Revised Statutes 15.481 and 15.491 require school districts that issue bonds or have budget overrides to report in a public meeting each year between September 1 and October 31," Harmon said, outlining the district’s reporting…
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