Local school districts don’t sell bonds there, and they don’t build schools.
The state builds schools, the same for rich and poor school districts, which addresses “Robin Hood” issues better than here in Texas. Since Arizona is growing even faster than Texas, and it ain’t all Sun City retirees, either, the state may have to float bonds rather than pay for all of those schools out of its treasury. That said, a state can still get a better bond rate than an individual school district.
That said, this also means districts aren’t hiring consultants to justify calling bond elections. Districts aren’t hiring demographers for that, either; besides, a state government has various demographers on staff in different agencies, anyway.
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