APS schedules Mill Levy and GO Bond elections on alternating years as part of a strategy to ensure a continuous source of funding for capital projects through each 5 to 8 year Capital Master Plan strategic capital master planning cycle.
APS has held 2 Mil Levy and 2 GO Bond elections in the current 2006-2013 capital master planning cycle:
House Bill 33 (HB33) — $215,990,398 approved by voters in February 2005
GO Bond 2006 — $125,000,000 approved by voters in February 2006
Supplemental GO Bond 2006 — $351,000,000 approved by voters in September 2006
Senate Bill 9 (SB9) — $166,852,501 approved by voters in February 2007
There is one more GO Bond election planned for February 2010 in the current capital master planning cycle. GO Bond 10 is currently estimated at $100,000,000, but that figure may change before the election.
The following graphic illustrated how the mill levy and GO bond elections overlap to provide continuous supply of funds for APS capital projects:
