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Gilbert Unified outlines override revenue, bond spending and cuts deferred‑maintenance backlog
Summary
District staff told the board the 15% M&O override generated just over $36 million in FY2025, the 2019 bond is nearly spent with small encumbrances remaining, and the facility condition index fell from 10.7 to 4.6 after projects and data cleanup, leaving an $89.6 million deferred‑maintenance backlog.
At its Oct. 14 meeting, Gilbert Unified staff summarized the status of the district’s override, bond spending and facility needs, telling the governing board the 15% M&O override (first approved in Nov. 2019 and reaffirmed in Nov. 2024) produced just over $36,000,000 in FY2025.
Bonnie explained the override’s timeframe, noting the current authorization is effective through fiscal year 2033 with a phase‑down beginning in FY2030; continued full funding would require renewal in 2029. She said override calculations are based on prior‑year student counts and can fluctuate when the statewide recalc adjusts…
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