Capital Project Funding/Bond Election Presentation

Capital Project Funding
Bond Election Discussion

Agenda
“What is a Bond” Video from 2021 Bond Election
https://youtu.be/x-gEyz6Y1wc?si=BRnpBsb8YRLO5ei-
2025-2034 Capital Improvement Plan (CIP)
Capital Plan Inflation Impacts
General Obligation (GO) Bond Authorization Status
Bond Election History and Timelines
Council Direction for Next Steps

Strategic Framework  
Capital Needs in All Areas
Focus Areas 
•Economic Vitality
•Sustainability and Technology
•Connectivity
•Neighborhoods
•Quality of Life
•Community Safety

2025-2034 Capital Improvement Plan (CIP)
$2,488,884,031
Total 10-year CIP is funded as follows
7% 
Grants
68.4% 
Bond 
Funded
22% 
Current 
Revenues/
Fund Balance
1.9% 
System 
Development 
Fees

Capital Plan Inflation Impacts
Construction 
Price Index’s 
new normal
Construction 
Costs continue 
to go up, just 
not as fast
Data source: The Mortenson Construction Cost Index is calculated quarterly by pricing a representative non-residential 
construction project in geographies throughout the country.

GO Bond Authorization
Bond Authorization usage higher than anticipated and will be exhausted by FY 2025-26 for Police, 2026-27 for Streets 
and Parks, and FY 2028-29 for Fire.  Additional Bond Authorization needed to continue capital program in these areas.
Type of Voter 
Approved Debt
Available 
Authorization 
After 2021 & 
2023 Bond 
Sales
Fall 2025
 Bond Sale
Remaining 
Authorization
Fall 2027
Bond Sale
Remaining 
Authorization
Parks/Recreation/
Museum/Arts
52,130,000
$    
(40,930,000)
$     
11,200,000
$    
(54,825,000)
$      
(43,625,000)
$       
Streets
98,681,000
      
(72,725,000)
       
25,956,000
$    
(75,625,000)
        
(49,669,000)
$       
Public Safety- Police
55,340,000
      
(55,340,000)
       
-
$                   
(17,000,000)
        
(17,000,000)
$       
Public Safety- Fire
15,181,000
      
-
                      
15,181,000
$    
(3,300,000)
          
11,881,000
$        
Airport
494,000
            
-
                      
494,000
$          
-
                       
494,000
$             
Public Buildings
(Facilities)
31,050,000
      
(7,100,000)
         
23,950,000
$    
(9,000,000)
          
14,950,000
$        
Stormwater
624,000
            
-
                      
624,000
$          
(300,000)
              
324,000
$             
Library
3,680,000
         
-
                      
3,680,000
$       
-
                       
3,680,000
$          
Subtotal
257,180,000
$ 
(176,095,000)
$  
81,085,000
$    
(160,050,000)
$   
(78,965,000)
$      
Landfill
4,935,000
         
-
                      
4,935,000
$       
-
                       
4,935,000
$          
Public Buildings
9,960,000
         
(6,000,000)
         
3,960,000
$       
-
                       
3,960,000
$          
Water/Wastewater
-
                     
-
                      
-
$                   
-
                       
-
$                      
Total
272,075,000
$ 
(182,095,000)
$  
89,980,000
$    
(160,050,000)
$   
(70,070,000)
$      
GO Bonds 
cannot be 
issued without 
residents 
authorizing 
this first

GO Bond 10-Year CIP Projects
Refer to Handout
GO Bond Funded Projects ($626M) and Related Bond Authorization
•
Summarized by bond category (navy blue lines)
•
Projects not highlighted will use existing bond authorization 
•
Projects highlighted in yellow need additional bond authorization to complete ($395M)
•
Supports new and existing infrastructure

Bond Election History
The City of Chandler has had 
great success with residents 
voting to approve bond 
authorization to support the 
capital plan. Since 2000 the 
City has held 4 bond 
elections.  All with significant 
education/outreach.
The table shows the bond 
authorization amounts 
approved in each category 
since 2000.

Previous 2021 Bond Election Results
73.14% Yes
65.69% Yes
69.33% Yes
73.22% Yes
68.24% Yes
Council 
direction was to 
not increase 
secondary 
property tax 
rate

Previous 49 Member 
Bond Exploratory Election Committee
Purpose of Committee
Would 
recommend 
bond 
authorization 
needed for 2025 
Bond Election

Bond Exploratory Sample Committee 
Timeline
Committee selected 
Aug.-Sep. 2024
Kick-off begins
Sep.-Oct. 2024
Committee meetings 
take place
Oct.–Nov. 2024
Final Review with Finance 
Sub-committee in 
December 2024
Dec. 2024
Recommendation 
approved by Committee
Jan. 2025
Draft report prepared 
Jan. - Feb. 2025
Committee chair reports 
to Mayor and Council on 
recommendation and 
presents executive 
report 
Feb. - Mar. 2025
Call for Bond Election by 
May 8, 2025, for 
November 4, 2025, 
election
May 8, 2025

Who is in 
“The Same 
Boat” with 
Chandler?
Chandler
Glendale
2025
Buckeye 
2024
Mesa
2024
Gilbert
2025-26?
Phoenix
2023
Tempe
2024
Scottsdale
TPT- Nov
Surprise
2023

Council Direction
Begin outreach prior to formulation of a 
Citizen Bond Exploratory Committee
Report back any feedback prior to Council 
decision on forming a Citizen Bond 
Exploratory Committee

Questions