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Board orders special bond election for $48 million in November
Summary
The board adopted a resolution calling a $48 million bond election this November; consultants projected an average annual tax increase of about $29.91 per $100,000 of assessed value (about $43.28 for the district's average home), and staff said the district has statutory capacity to seek the authorization.
The Casa Grande Elementary School District Governing Board voted to order a special bond election in November and authorized district officials to take related administrative steps.
Megan Burke, who presented bond financing options, recommended a $48 million authorization and explained voter-information requirements and estimated tax impacts. Burke said the district's statutory capacity would allow issuance up to about $79 million and that the district has outstanding debt from the 2016 authorization totaling roughly $32.11 million. She…
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