Proposition 423 - 12.5% maintenance and operation budget override election

Shall the Governing Board of Vail Unified School District No. 20 of Pima County, Arizona (the "School District"), adopt a Maintenance and Operations budget which allows the School District to continue to exceed the revenue control limit specified by law in the amount of not more than twelve and one-half percent (12.5%) per fiscal year for fiscal year 2027/2028 and the next subsequent five (5) fiscal years thereafter? The 2027/2028 proposed continuation of the budget increase of the School District budget will exceed the alternate proposed budget of the School District budget by approximately $5,102,762. The amount of the proposed increase will be based on a percentage of the School District's revenue control limit in future years as provided in Section 15-481(P), Arizona Revised Statutes. Any budget increase continuation authorized by this election shall be entirely funded by a levy of taxes on the taxable property in this School District for the year for which adopted and for six subsequent years, shall not be realized from monies furnished by the state and shall not be subject to the limitation on taxes specified in Article IX, Section 18, Constitution of Arizona. Based on the current net assessed valuation used for secondary property tax purposes, to fund the proposed continuation of the increase in the School District's budget would require an estimated continuation tax rate of $1.61 per $100 of assessed valuation used for secondary property tax purposes and is in addition to the school district's tax rate that will be levied to fund the School District's revenue control limit allowed by law.