Higley Unified School District is plowing savings it received from refinancing its middle school leases, plus a $1.1 million windfall from a maintenance account tied to those leases, into its fiscal year 2023-24 capital budget, officials said.
That was part of HUSD Chief Financial Officer Tyler Moore’s first review of that budget to the Governing Board at its Feb. 8 meeting. At present, the district is projecting an $18.01 million capital outlay budget for FY 2023-24.
The district closed a refinancing of its expensive middle school leases Feb. 2, cutting out the lease holder, JMF-Higley. The leases resulted in Cooley and Sossaman middle schools being built, but at a cost the district has found burdensome since then.
