5 things you need to know about the Buckeye General Obligation Bond election

This will be the first bond election held by the city in nearly 40 years.

PUBLISHED JUL 7, 2024

If approved, the bond will be funded through a secondary property tax.

Buckeye, Arizona: In December 2023, the Buckeye City Council approved the formation of the 2024 Buckeye General Obligation Bond Exploratory Committee. Committee meetings, which began in January continued through April recommended holding a General Obligation Bond election on November 5. This recommendation was affirmed by the City Council. This will be the first bond election held by the city in nearly 40 years. Council voted to present two questions to the voters for their consideration.

Question 1: Public Safety

$137 million for public safety projects, including:

Public Safety Headquarters

Training facilities

Westpark Fire Station

Victory Fire Station

Question 2: Streets & Transportation

$145 million for road improvements to ease traffic and enhance safety, including:

Widening Indian School Road from Jackrabbit to Perryville

Eliminating pinch-points throughout Buckeye

Installation of lighting along parts of Sun Valley Parkway

Here are 5 things you need to know about the 2024 Buckeye General Obligation Bond

Formation of Bond Exploratory Committee: The Buckeye City Council approved the creation of the 2024 Buckeye General Obligation Bond Exploratory Committee in December 2023, with meetings starting in January and continuing through April 2024.

Upcoming Bond Election: The City Council has scheduled a General Obligation Bond election for November 5, 2024, the first bond election in nearly 40 years, following the committee's recommendation.

Public Safety Funding: Question 1 on the ballot will propose $137 million for public safety projects, including a Public Safety Headquarters, training facilities, and new fire stations at Westpark and Victory.

Streets and Transportation Funding: Question 2 will propose $145 million for road improvements aimed at easing traffic and enhancing safety, such as widening Indian School Road, eliminating traffic pinch points, and installing lighting along parts of Sun Valley Parkway.

Tax Implications: If approved, the bond will be funded through a secondary property tax, adding $0.65 to Buckeye's current primary property tax rate of $1.60, making the total tax rate $2.25. The annual cost impact would be $115 based on a median Limited Property Value of $176,839.

Is this the first Buckeye GO Bond election?

Buckeye’s last bond election was in 1987. The bond was passed by voters by about 285 to 120 for water and sewer improvements.