A bond allows local voters to approve additional funding to use for capital items such as school buses, building repairs and renovations, new construction and technology. Bonds address the school district’s capital needs.
Over the past 5 years, J.O. Combs Unified School District has experienced a reduction of $5.1M in capital dollars. Because of the reduced state funding, school repairs have been deferred, older buses have remained in service, and technology has not been updated. Lack of acceptable facilities has impacted student programs and department efficiency. The increased capital funding will address the most immediate needs in these areas and will allow the district to plan for future growth.
The distribution of bond funds is as follows:
The estimated cost of the bond is $7.37 per month on a $100,000 home and would be funded by an estimated $0.88 tax rate per $100 of the net assessed valuation used for secondary property tax purpose.
Funds raised through bonds go directly to the local school district, unlike state tax funds that are allocated to school districts throughout the state. Bonds offer local control to the community.
Each year, the school district administration proposes the annual budget, which is then reviewed, finalized, and approved by the community‐elected governing board. The Combs District has received the Certificate of Excellence in Financial Reporting for the past five years.
INFORMATIONAL MEETING
Thursday, September 10th at 6:30 p.m.
Combs Traditional Academy, 37327 N. Gantzel Road, San Tan Valley
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