As results come in to the Maricopa County Recorder's Office today, it appears that voters in the Queen Creek Unified School District No. 95 have failed to approve a bond of up to $286 million requested by the school board.
With 10,517 ballots cast (23.12 percent) in the mail-in only Nov. 2 election, 6,222 (59 percent) voted against the bond, while 4,291 (41 percent) voted in favor of the school district's request.
The proposed bond measure would have had funds borrowed by the school district with an estimated cost of $444,750,650 to be repaid by a tax on all taxable property in the district that would not exceed 20 years per each issuance of bonds. Funds would have been used for technology infrastructure, security, infrastructure improvements, extracurricular and programming resources, new construction spaces and student transportation. The cost to the owner of a typical home with an assessed value of $250,000 was estimated to be $356.79 per year.
