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District hears bond-financing options: $50M to $75M scenarios with modest tax impacts
Summary
Financial adviser Mike LaValle told the Casa Grande Union High School District board that the district has bonding capacity near $145 million and presented two voter-election scenarios — $50 million (structured to keep bond tax rate at or below current levels) and $75 million (projected to raise the bond rate by roughly 4¢) — and advised a mid‑June deadline to place a question on a November ballot.
Mike LaValle, a financial adviser with Stifel, told the Casa Grande Union High School District governing board that the district currently has substantial theoretical bonding capacity and outlined sample bond-election scenarios for the board to consider. "Currently, your bonding capacity is about a $145,000,000," LaValle said, citing the statutory formula that uses net full cash assessed value to estimate capacity.
LaValle explained how assessed valuations and the county's limited assessed value interact to produce tax rates, and noted the district’s bond tax rate is currently about 31¢. He offered two example packages: a $50 million bond that could be…
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