SOUTHERN ARIZONA LEADERSHIP COUNCIL
Pima Community College general obligation bond
A $250 million general obligation bond for college facilities, infrastructure and refinancing, repaid through property taxes.
Preparing people for the work our region needs.
Pima Community College helps people enter the workforce, advance their careers and prepare for changing industry needs. We support this bond because preparing students for high-demand work requires up-to-date facilities and technology. This is an investment in the college’s capacity to serve students and the employers who need their skills.
Major Impacts
- The full $250 million package. Capital projects and refinancing are included. Property taxes would repay the debt.
Existing infrastructure$58.9MAcademic spaces$57MPublic safety training$39.8MDebt refinancing$38MPolice headquarters$29MStudent support spaces$27.3M
Published project plan. Amounts total $250 million.
- Refinancing savings are projected. PCC says $38 million in refinancing could free nearly $4 million annually for program support. Results depend on financing terms.
Does PCC get state funding?
Capital funding from the state ended in 2009 and regular operating support ended in 2015, a cumulative $221 million loss of support. It has been more than 30 years since the college last sought this type of voter-approved investment.
SALC Recommends: VOTE YES on Proposition 430
Authorizes $250 million in debt for capital projects and refinancing.
Common Questions
Does all the money go to classrooms?
No. The proposal also includes infrastructure, public safety training facilities, police headquarters, student support spaces and debt refinancing. Voters are considering the full package.
Would refinancing guarantee more program funding or lower tuition?
No. PCC projects that refinancing could free nearly $4 million annually for program support, but the result depends on financing terms. Tuition decisions are separate, and the bond does not guarantee lower tuition.
How would spending be overseen?
PCC describes governing board approvals and reports, Finance and Audit Committee review, and routine audits by the Arizona Auditor General as part of its oversight process.