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District outlines use and timeline for overrides and $100M bond program; $26M remains
Summary
Business services staff reviewed the district's M&O and DAA overrides and the status of Class B bond expenditures; about $26 million in bond funds remain and plans include auditorium and locker room renovations.
Business services staff updated the Tempe Union Governing Board on the district’s voter‑approved overrides and its Class B bond program during an informational presentation; no formal board action was taken on the override or bond schedules.
Mr. Carranza said the M&O (maintenance and operations) override approved by voters in November 2022 provides roughly 15% of the revenue control limit and generated about $13–$14 million per year. That override is set for seven years and steps down in years six and seven…
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