School bond and override elections results indicate that education remains a priority for Arizona voters despite inflation and economic uncertainty, said Randie Stein, managing director of Stifel Public Finance in Phoenix.
Arizona voters approved of 20 of the 25 maintenance and operation (M&O) override questions on the ballot, nine of 15 class B general obligation school bonds, six of the seven district additional assistance (DAA) overrides, three property acquisition authorizations, two construction authorizations and one request to join West-MEC, a career and technical education district in Maricopa County.
“School district bond and override elections had solid success in Arizona in 2022,” Stein said. “The overall pass rate for these questions was 74%, compared to an overall pass rate of 72% from the beginning of Stifel data collection through the 2021 election.”
Infographic by Lisa Irish/ AZEdNews
Stifel has been collecting school district M&O override results since 2003 and bond and capital override (DAA) election results since 1999.
“Comparing the 2022 election results to the average over the full period of Stifel data collection, M&O overrides and DAA overrides fared better than the average year, while the bond election pass rate in 2022 was below the pass rate for the average year,” Stein said.