Governing Board Study Session 4/13/2026

The Phoenix Elementary School District #1 Governing Board held a study session on April 13, 2026, focused primarily on discussing the district's bonding capacity and potential bond election. Financial advisors presented detailed information on the district's assessed property values, historical tax rates, outstanding bonds, and projected bonding capacity, highlighting the possibility of issuing up to $97 million in bonds while maintaining a stable tax rate. The board reviewed planned capital improvement projects funded by the bonds, including renovations at several schools, construction of new gyms, kitchen and cafeteria remodels, and development of specialized educational programs and facilities. Discussions also covered the district's property leasing strategy, bond issuance constraints, and the importance of fiscal stewardship, especially regarding commercial property tax burdens. The board emphasized transparency and community engagement in the bond process, with plans to finalize voter pamphlet language and hold a bond election potentially in November 2027. The session concluded with a motion to proceed, which passed unanimously.