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Bond Information
The Dysart Unified School District had a bond question on the 2006 ballot that was approved by voters. The bond was approved for up to $192 million, however, the district only ended up selling bonds for $122 million. Bonds are typically sold and then paid back over a range of time from 1 to 20-years.
Refinancing Saves Over $20 Million in Interest Costs
Dysart consistently monitors for and seeks opportunities to refinance and repay bonds for the benefit of district taxpayers. In the last 10 years, over $20 million in interest cost savings was created for taxpayers through the refinancing of three prior bond issues with average rates ranging from 4.0% to 5.8% to new rates ranging from 1.6% to 2.8%. In this situation, the district does not get to spend more money or use the savings in other areas, instead, this savings solely benefits taxpayers by lowering the bond tax rate. It does not lengthen the payback period, which goes through 2028.
How Was the 2006 Bond Spent?
$30.3 million
Enhancements to 5 new elementary schools and 2 new high schools, beyond the funding provided by the Arizona School Facilities Board for construction of these new schools.
$12 million
Construction of new, replacement buildings for Luke Elementary and Surprise Elementary.
$27.7 million
Upgrades of Valley Vista High School academic, athletic and performing arts facilities.
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$20.8 million
Purchase of land, and construction of District Support Center and District Office.
$8.3 million
Acquisition of buses
$11.3 million
Renovation of Dysart Elementary School, Dysart High School academic building and track.
$10 million
Upgrades at 17 elementary schools and 2 high schools, including construction of shade structures and playgrounds.