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Board authorizes sale of remaining $48 million in 2022 bond authorization; tax rate impact described as slight
Summary
The Tempe Union Governing Board approved a resolution to issue the remaining $48 million of bonds authorized by voters in November 2022 to fund district capital projects, with staff projecting a modest increase in the district’s secondary tax rate and a timetable for sale and receipt of proceeds.
The Tempe Union High School District Governing Board voted 5-0 to adopt a resolution authorizing the district’s financing team to issue the remaining $48,000,000 from the voter-approved November 2022 bond authorization (Series B issuance).
What the board approved: Assistant Superintendent for Business Services Roland Carranza summarized the bond history and financing plan. The district issued $51 million of the voter-authorized $100 million in April 2023 and is seeking the remainder now that earlier projects are underway and 70% of the April 2023…
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