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Higley finance director outlines funding mix, override phase-down and capital constraints
Summary
CFO Tyler Martin and finance staff delivered a school-finance overview showing the district relies heavily on state equalization aid for operating dollars, outlined the phase-down of a seven-year maintenance-and-operations override, and described limited School Facilities Board funding for capital projects.
Tyler Martin, chief financial officer for Higley Unified, gave a primer on district finances, explaining how state formulas, local property tax collections and voter-approved overrides combine to fund operations and capital.
“This budget limitation is formula generated, derived by ADM, and then the state base level support for the per-pupil amount,” Martin said, summarizing the maintenance-and-operations calculation the district uses to set its primary operating budget.
Why it matters: Understanding revenue sources — local property tax, state equalization aid, federal and state grants, and voter-approved overrides — frames future budget choices, including whether to ask voters for new capital or operating levies.
Martin told the…
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