The Chandler Unified School District board approved on Wednesday the issuance of $56 million in bonds next month for a wide variety of capital improvements throughout the district.
It is the third issuance of bonds approved by voters in 2015.
The bonds will be sold in November with the proceeds made available for district use starting in mid-December, according to staff.
District documents show the district predicts the secondary property tax rate in the district will rise to $1.28 per $100 valuation in the next two years before starting to drop. Secondary property taxes collected are used to service bond debt.
Lana Berry, the district’s chief financial officer, said the district aims to keep the tax rate “as flat as possible” in the coming years.
Raised in Arizona, Tom Blodgett has spent more than 30 years in journalism in Arizona and joined Community Impact Newspaper in July 2018 to launch the Gilbert edition. He is a graduate of Arizona State University, where he served as an instructional professional in the Walter Cronkite School of Journalism and Mass Communication from 2005-19 and remains editorial adviser to The State Press, the university's independent student media outlet.