Glendale Union Bond
Loss of state funding including building renewal and capital funds has left the district dependent upon its bond program to maintain and equip facilities. A bond issue for $130 million dollars will NOT increase the tax rate for property owners in the Glendale Union High School District.
Why Does GUHSD Need to Issue Bonds?
Student safety, school building improvements, updated technology
- State funding for school renovation has been virtually eliminated
- Repair aging facilities
- Make technology upgrades
- Implement Safety and security improvements
- Replace transportation vehicles
If this bond does not pass, Glendale Union High School District will have to rely upon limited State funding to meet as many facility, safety, security, transportation, and technology needs as possible. Many projects will go unfunded.
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GUHSD Bond FAQs
Why is Glendale Union High School District asking voters for a bond election?
Bonds are loans made to the school district. Generally, schools use bonds to purchase capital items and/or make capital improvements to existing facilities, such as building or renovating a school or purchasing school buses.
Over the years, the State has reduced the amount it gives schools for capital expenses.
While the State is restoring capital funding to schools, the restoration does not cover needed improvements, repairs and replacement of facilities, technology, transportation and other capital needs. Therefore, the Glendale Union High School District relies on bond monies to keep schools up-to-standard.
What will the Bond do for our students?
Bond proceeds will provide funding for renovation of existing district facilities, new construction on school sites, strategic replacement of aged transportation ﬂeet vehicles, and supplying district facilities with furniture, equipment and technology.
Proposed Capital Improvements:
Constructing and renovating school facilities - $112 million
Supplying school buildings with furniture, equipment and technology - $12 million
Student transportation vehicles - $2 million
Constructing and renovating facilities - $3 million
Supplying buildings with furniture, equipment and technology - $1 million
What amount is the Glendale Union High School District asking for in the upcoming bond election?
The total bond is for $130 million, to be funded through secondary property tax over and estimated 18 years. The District expects to sell the bonds in multiple issues by 2024.
How much will the bond cost the average homeowner?
The tax impact over the term of the bond on an owner-occupied residence valued by the County Assessor at $250,000 is estimated to be $152.40 per year for 18 years, or $2,743.20 total cost. For each $100,000 assessed value, the cost will be an estimated $60.96 or $5.08 per month.
How will this bond affect my property tax rate?
The Glendale Union High School District believes in strong fiscal management. This bond will NOT increase the tax rate for district residents.
How do I know GUHSD will spend the money as indicated?
Arizona law requires Districts to list how schools will spend bond funds in the voter information pamphlet. As a result, the district is required to comply or be in violation of Arizona state law. Additionally, school districts that have bonds approved by the voters must hold public hearings annually to alert the public on the progress of how the bond proceeds are spent.
Is there any benefit to homeowner values because of the proposed bond program?
Yes. Surveys and research have shown that sound K-12 educational offerings along with quality school facilities and equipment that provide a safe, pleasing environment translate into higher property values in the neighborhoods that surround our schools.
What will happen if voters do not approve the bond?
The District will have to rely upon the limited State funding to meet as many facility, safety, security, transportation, and technology needs as possible. Many projects will go unfunded.
When will the Bond be on the ballot?
The Bond will be on the Tuesday, November 3, 2020 ballot. Polls are open from 6:00 a.m. to 7:00 p.m. Early voting for this measure will start Wednesday, October 7, 2020. Last day for voter registration is Monday, October 5, 2020.