GESD Bond and Override FAQs
In June, the Glendale Elementary School District Governing Board authorized the District to seek voter approval of a bond and budget override. Below are frequently asked questions (FAQs) in regard to those measures.
What is a bond?
Bonds are loans made to the school district to purchase capital items and/or make capital improvements to existing facilities, such as building or renovating a school or purchasing school buses. School districts that have bonds approved by voters must be transparent by sharing information on the progress on how bond dollars are being spent. This information is posted on the district website and shared at Governing Board meetings annually.
How will taxes be affected?
If approved, the average secondary property tax rate is expected to be no more than $0.74 for every $100,000 of assessed valuation of your home.
If approved, how will funds from this bond election be spent?
If passed, funds will be used in the following ways:
- $15,075,000 - structural deficiencies, repairs & replacement
- $15,000,000 - new school construction and/or replacement school
- $ 4,925,000 - safety and security improvements
Why is the Glendale Elementary School District calling upon voters for a bond election?
Glendale Elementary School District has worked tirelessly to provide the necessary care needed to ensure the safety and proper function of our buildings. Due to State cuts on capital funding to our District and to the School Facilities Board, the Governing Board has called the Bond election in order to maintain these established learning environments.
Will funds from this Bond election goes towards staff raises?
No. The law is very specific on what bond monies can be used for if approved. Bonds are for capital projects, furniture, fixtures, and equipment. Bonds cannot be used for staff raises or salary increases.
What will happen if the bond is not approved?
Glendale Elementary School District continues to advocate for their students and believes they deserve safe, clean, and up-to-date educational facilities to further student excellence in a modern world. If the bond does not pass, the District may struggle to maintain the integrity of the schools facilities.
What amount is the Glendale Elementary School District asking for in the upcoming bond election?
The total bond is for $35 million.
What is a budget override?
The State has set a base support level of funding for all Arizona public schools. Acknowledging that communities want to provide their children with more than the minimum level, the State also allows school districts to exceed the minimum through a voter approved maintenance and operations budget override.
How does the District use these funds?
Glendale Elementary School District uses funds from the existing maintenance and operations budget override to provide quality and cost-free full-day kindergarten, art, P.E., music, and many other electives to the community’s youth.
Why does the District need money on top of what the state already provides?
Over the years, the State has significantly reduced educational funding. Among the cuts:
- The elimination of soft-capital, such as books and instructional aids funding.
- The elimination of Full-Day Kindergarten funding.
Arizona Schools have already seen a decrease in capital funding by approximately 2.6 billion dollars over the last ten years.
When was GESD’s last budget override election?
The last M&O Override was approved in 2014.
Why is the school district asking voters to approve another override?
Glendale Elementary School District is asking voters to renew the existing 15% maintenance and operation budget override to avoid educational funding cuts associated with the phase-out of the existing override reducing one-third in 2019-2020 and another one-third in 2020-2021.
How are overrides paid for?
School overrides are paid through property taxes assessed by the county assessor on the properties located within the geographical boundaries of the school district. The estimated secondary tax rate needed to fund the continuation of the existing override is $3.33 per $100 of net assessed valuation for secondary tax purposes.
When is Election Day?
The deadline to register to vote is October 9. Election Day is November 6.