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Tempe governing board approves amended 2025 budget and authorizes sale of about $117 million in school bonds
Summary
The Tempe Elementary School District governing board approved a revised fiscal-year financial report and amended 2025 budget and voted to authorize sale of roughly $117 million remaining from the November 2022 school improvement bond, chiefly to rebuild Curry and Connolly schools.
The Tempe Elementary School District governing board voted to approve a revised Annual Financial Report (AFR) and an amended fiscal 2025 budget and authorized the sale of the remaining bonds from the district’s November 2022 school improvement authorization, district staff said.
During discussion, district finance presenter Thompson said the AFR revision was required because an unusual grant ran from Oct. 1 through Sept. 30, creating expenses outside the grant period that needed to be reassigned to allowable funds before the AFR is resubmitted to the…
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