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District reports $19 million in FY25 bond spending, override provides $63 million annually; bond authority now exhausted
Summary
Staff told the Mesa Unified District Governing Board that FY25 bond expenditures totaled about $19 million (construction/renovation and technology) and that the district—s 2018 bond authority is fully spent. Trustees discussed capital funding options, including bonds and a possible capital override, and staff outlined how the Nov. 2023 override—~$
Finance staff presented the district—s FY25 bond and override expenditure report, explaining how bond proceeds were used, what remains of bond authority and how override revenue is being applied to operating needs including salaries and school safety.
Mr. Alexander, finance staff, said the district spent just over $19,000,000 in bond proceeds during FY25: about $11.8 million on construction and renovation and roughly $7 million on technology. "We spent just over 19,000,000," Alexander said, and he listed security upgrades at nine schools, HVAC projects, intercom replacements, about 7,000 junior-high laptops and bus purchases among the uses. He also reported that the district—s…
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