ABOUT PROP 421
KEY INFORMATION/DATES TO REMEMBER
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Election Day and Ballot Drop-Offs
TAX IMPACT TO THE COMMUNITY:
$3 Per Month, $36 Per Year
*Note: This is an estimate for an average property owner in Dysart based on an estimated $0.17 tax rate on an average assessed home value of $215,435.
District Budget Overview
Dysart created a video to provide the community with an overview of how the district receives and spends money. For more detailed information on budgets and annual financial reports, please click on the link below.
How Does State Funding Support Capital Projects
In Dysart we believe it is our duty to maintain our taxpayer-funded facilities to the best of our ability, and we work very hard to maintain all of our facilities and keep them in good repair utilizing some of our annual funding from the state. For needs beyond those funds, districts must work with the Arizona School Facilities Division (SFD), which gets their funding from the Arizona State general fund appropriations. For school districts that do not have bond funds, this funding is essential, as there would be no other way to fund many of these projects through the regular budget. The SFD has minimum adequacy guidelines that all school districts adhere to for their facilities.
Whenever our facilities have a need, our maintenance department works with our SFD liaison to assess and determine if it meets the requirements to be repaired or replaced through their funding. Dysart has worked with the Arizona School Facilities Division closely, and was approved for various facility maintenance and mechanical repairs and replacement projects totaling $27.5 million over the past four years.
It is also important to note that while the SFD has a legal obligation to pay for the construction of schools, they require a school district, with all schools combined, to exceed the design capacity district-wide by 20% within 3-years of the current year, for the entire elementary or high school grade range. It does not take into account the varied population density across the district or new home building projects that would impact capacity.
What is a Bond?
Bonds are similar to loans that are authorized by voters and funded through property taxes. They are used to purchase capital items and/or make capital improvements, such as buildings, furniture, equipment, technology, textbooks, and buses. The funding can only be used to fund projects that have a useful life longer than five years. Bond funding can NOT be used for day-to-day operating expenses like salaries, utilities, and supplies. Bonds are repaid over a set period of time, similar to a mortgage.