Prescott Unified School District’s $18.7 million School Bond issue was approved 68% to 32% by voters in the November 2, 2004, election.
This bond issue was the first attempted since 1989, when the voters approved an $11 million bond issue to build the new science and math wing and Ruth Street Theater at the high school and accomplish other upgrades and improvements to PUSD schools and sites.
The bond’s first-year draw is $3.7 million. The PUSD Governing Board decided which projects to start first and which projects will wait until the second year. The projects have been divided into two groups of funding to maintain the tax rate at the same level for property owners over the life of the bond, which is ten years.
About the Bond:
Official Statement (pdf format: 63 pgs/380KB)
Final Numbers (pdf format: 6 pgs/18KB)
Closing Memo (pdf format: 3 pgs/91KB)
Tax Analysis (pdf format: 1 pg/11KB)
Purchase Agreement (pdf format: 17 pgs/115KB)