Kyrene lays out FY26 capital plan: $42.7 million in recent bond proceeds, DAA and override funding to cover projects

Brian Loughrey, the district's director of finance, told the Kyrene Governing Board on May 27 that the presentation pulled together three capital plans and revenue assumptions that will fund school construction, technology and bus replacements in fiscal year 2026.

Loughrey said the district expects about $6,800,000 in District Additional Assistance (DAA) next year, with roughly $1,700,000 of that likely needed to shore up maintenance and operations, leaving about $5,100,000 for capital uses subject to later adjustment. "DAA is that capital funding provided by the state and has some flexibility," Loughrey said. He also noted that the district had recently received $42,700,000 from the first issuance of a voter-approved 2023 bond authorization.

The presentation explained how capital funds are restricted under the Uniform System of Financial Records and Arizona Revised Statutes and that Kyrene budgets capital across multiple fund types. Loughrey said the district typically spends about $27,000,000 a year on capital and curriculum needs but receives roughly $7,000,000 from state funding formulas, making local overrides and bonds…