April 2012 - House Bill 2405 must be passed for Glendale Union to be able to continue their bond projects in a timely manner.
The House Bill is currently stuck in the Senate and Steve Pierce will not let this bill come to the floor. There is currently support on the senate floor to pass this bill. In addition, APS is lobbying against the bill.
What does this bill have to do with Glendale Union High School District?
Last fall, the district’s supportive taxpayers authorized Glendale Union High School District to sell $80 million in bonds. The amount of bonds the district can actually sell at this time is limited to 5% of the secondary assessed value of property in our district. Prior to 1999 it was 15%. This low 5% limitation was put into place as part of the Student’s First Legislation that envisioned the State paying for all school construction and major renovations. Due to the unprecedented budget reduction, the State has not been able to fund major renovations and construction which is one reason our community supported our recent bond authorization and many legislators believe that the limitation should be increased.
Based on the current 5% limitation Glendale Union was able to sell $22 million in bonds to finance Phase 1 construction at Greenway and Thunderbird High schools. Phase 1 construction should be complete in the fall. With the current 5% bond capacity, the district will not be able to begin Phase 2 and 3 of the project until 2015 and 2016.
If approved, HB2405 would temporarily increase the district’s bond limitation from 5% to 10% and would allow them to sell additional bonds much earlier to start and complete phases 2 and 3. In addition, it allows them to be able to take advantage of the current low interest rate environment and the very competitive construction market, making our taxpayers dollars stretch farther.
We hope you are able to help us by doing one of all of the following:
-Call the local house and senate representatives
-Have friends, family members, business partners, or anyone you know who directly votes for Steve Pierce to call him and ask him to support the bill (email@example.com 602-926-5584)
-Call the APS corporate office (602-371-7171) and ask them to stop lobbying against the bill. Express our concerns on the stand APS is taking on the bill. Maybe even call the AZ commissioner office (602-542-2237).
-Ask our representatives in the house and senate to not vote on the budget or not support the budget is thte HB2405 is not part of the deal.
-Remind them that HB2405 does not cost the state general funds any money.
-Tell them the bill will assist district’s across the state fix deficiency items and build new spaces with local bond dollars and with no assistance from the state funds.
-If passed, district’s can take advantage of the historic low construction costs and stretch the taxpayers dollars further.
-Passing HB2405 will help to generate approximately $200 million of construction work a year, which would directly affect the state tax revenues.Here are some members for you to contact:
Senator Frank Antenori: firstname.lastname@example.org 602-542-5683
Senator Don Shooter: email@example.com 602-542-4139
Senator Steve Yarbrough: firstname.lastname@example.org 602-542-5863
Representative Heather Carter: email@example.com 602-926-5503
Representative Peggy Judd: firstname.lastname@example.org 602-926-5836
Representative Doris Goodale: email@example.com 602-926-5408
Representative Amanda Reeve: firstname.lastname@example.org 602-926-3014
Representative Steve Urie: email@example.com 602-926-4136
Representativve Jeff Dial: firstname.lastname@example.org 602-926-5550
We only have a few days remaining so contact as many of these people as you are able to asap. Thank you again for your support.