News Ticker

AZ Voters to Decide on $2B in Bonds

Photo credit: pimabondfacts.com

By Roland Murphy for the Arizona Builders Exchange

On Tuesday, Nov. 3, voters across the state will hit the polls decide the fates of more than $1B in K-12 education and $900M municipal bond measures.

The special election features a $815M bond package in Pima County and new requests from 17 K-12 public school districts statewide, a 21 percent increase in number of districts requesting the authorization. Additionally, the funds requested for education represent a 65 percent increase in median bond request.

In the past four years that AZBEX has tracked bond issues, last year (2014) was the only year that achieved a 100% pass rate for K-12 bonds.  That, combined with high public concern to increase funding to K-12 districts, as well as a continued economic recovery bode well for the passage of most, if not all, the K-12 bond issues on the ballot. Only in recent days has there been any talk of a group opposed to the bonds, the Maricopa Republican Party.

$815M Request for Pima County

Pima County’s request is the largest in the state by far. The 20-year package consists of:

  • Prop 425: $200M for road and highway improvements
  • Prop 426: $91.375M for economic development, libraries and workforce training, including: buildings and facilities and land purchases near Davis Monthan Airbase to prevent encroachment
  • Prop 427: $98.6M in tourism promotion, including: cultural facilities, art and museum spaces and facilities, and county fairground improvements
  • Prop 428: $191.5M for parks and recreation efforts, including: athletic fields, senior centers, and trails and trail heads
  • Prop 429: $105.3M in health and public safety and welfare investments, including: hospitals, clinics, neighborhood reinvestment and affordable housing, and facilities for the sheriff’s and medical examiner’s offices
  • Prop 430: $112.05M for conservation and preservation, including: wildlife habitat, open space preservation, mountain parks, ranches, and river and wash preservation
  • Prop 431: $16.935M for flood control and drainage efforts.

$99M for Scottsdale

Scottsdale is looking to procure $99M in a six part, 25-year bond request. The specifics include:

  • Question 1: $31.9M in parks and community facilities funds
  • Question 2: $16.54M for transportation and street improvements
  • Question 3: $6.87M in city technology investment
  • Question 4: $12.5M for street paving
  • Question 5: $16.35M for city fire services
  • Question 6: $11.8M for city police services

$16.23M Daisy Mountain Fire District

In its first ever bond request, the Daisy Mountain Fire District, which serves portions of New River, Anthem and Desert Hills, is seeking a $16.23M replace one of its fire stations, renovate other facilities, purchase improved technology and communications equipment, and replace part of its tanker fleet with larger capacity vehicles.

NOTE: Paid subscribers receive additional project details in our twice-weekly PDF publication, including project stakeholder information and valuable project bidding leads. Find out more about AZBEX subscriptions or try a complimentary one-month subscription today.

 

 

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