School district financial risk analysis—January 2026

State of Arizona

We analyzed the financial risk for 207 of the State of Arizona's school districts and presented in the 2 tables below are the number of districts at high risk for each measure and a filterable list of each district's specific high-risk measures. Districts not included on the highest-risk districts list may still be identified as high risk for 1 or more individual measures. Compared to last year's January 2025 report, the number of school districts at high risk for each measure increased for 7 of the 10 financial risk measures this year Statewide.

Number of school districts at high risk for each measure

Use the dropdown to select whether you want to view State-wide results or results for a specific Arizona county or legislative district.

For historical information, the Measures page describes how many districts were identified as high risk Statewide in each of the last 5 years.

List of each school district's high-risk measures

Use the dropdown to select whether you want to view results for all measures or an individual measure. You can further refine your results using the drop-down menus within the table to filter for a specific school district, county, or legislative district.

​ All measures

School district County Legislative district(s) High-risk measures
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
Agua Fria Union High School District Maricopa County 22, 23, 25, and 29
  • Financial position— ​ General Fund operating margin ratio
  • Financial position— ​ General Fund change in fund balance
  • ​ Capital monies redirected to operations
Aguila Elementary School District Maricopa County 30

No high-risk measures
Ajo Unified School District Pima County 23
  • Budget limit reserve— ​ Operating budget
  • Financial position— ​ General Fund operating margin ratio
  • Financial position— ​ General Fund change in fund balance
Alhambra Elementary School District Maricopa County 24 and 26
  • ​ Change in weighted student count
  • Budget limit reserve— ​ Operating budget
  • Budget limit reserve— ​ Capital budget
Alpine Elementary School District Apache County 6
  • ​ Change in weighted student count
Altar Valley Elementary School District Pima County 16, 21, and 23
  • ​ Change in weighted student count
Amphitheater Unified School District Pima County 17, 18, and 20
  • ​ Change in weighted student count
  • Budget limit reserve— ​ Operating budget
  • Financial position— ​ General Fund operating margin ratio
  • Financial position— ​ General Fund change in fund balance
  • ​ Capital monies redirected to operations
Antelope Union High School District

1 of 9 highest-risk districts

 Yuma County 23 and 25
  • Budget limit reserve— ​ Operating budget
  • Financial position— ​ General Fund operating reserve ratio
  • Financial position— ​ General Fund operating margin ratio
  • Financial position— ​ General Fund change in fund balance
  • ​ Capital monies redirected to operations
  • ​ Receivership
Apache Elementary School District Cochise County 19
  • Budget limit reserve— ​ Operating budget
Apache Junction Unified School District Pinal County 7, 10, and 15
  • ​ Change in weighted student count
  • Budget limit reserve— ​ Operating budget
  • ​ Capital monies redirected to operations
Arlington Elementary School District Maricopa County 25

No high-risk measures
Ash Creek Elementary School District Cochise County 19
  • Budget limit reserve— ​ Operating budget
  • Financial position— ​ General Fund change in fund balance
Ash Fork Joint Unified School District Yavapai County 1 and 6
  • Budget limit reserve— ​ Capital budget
  • ​ Small school budget limit adjustment
Avondale Elementary School District Maricopa County 22 and 23

No high-risk measures
Baboquivari Unified School District Pima County 23
  • Budget limit reserve— ​ Operating budget
  • ​ Capital monies redirected to operations
Bagdad Unified School District Yavapai County 1

No high-risk measures
Balsz Elementary School District Maricopa County 8
  • ​ Change in weighted student count
  • Budget limit reserve— ​ Operating budget
  • Budget limit reserve— ​ Capital budget
  • Financial position— ​ General Fund change in fund balance
Beaver Creek Elementary School District Yavapai County 1
  • ​ Change in weighted student count
Benson Unified School District Cochise County 19
  • ​ Capital monies redirected to operations
Bicentennial Union High School District La Paz County 30
  • Budget limit reserve— ​ Capital budget
  • ​ Capital monies redirected to operations
Bisbee Unified School District Cochise County 19 and 21
  • Budget limit reserve— ​ Operating budget
  • Financial position— ​ General Fund operating margin ratio
  • Financial position— ​ General Fund change in fund balance
  • ​ Capital monies redirected to operations
Blue Elementary School District Greenlee County 19
  • ​ Change in weighted student count
Blue Ridge Unified School District Navajo County 6 and 7
  • Budget limit reserve— ​ Capital budget
  • ​ Capital monies redirected to operations
Bonita Elementary School District Graham County 19
  • Budget limit reserve— ​ Operating budget
  • Budget limit reserve— ​ Capital budget
  • Financial position— ​ General Fund operating margin ratio
  • ​ Small school budget limit adjustment
  • ​ Frozen tax rate
Bouse Elementary School District La Paz County 30
  • Budget limit reserve— ​ Capital budget
  • Financial position— ​ General Fund operating margin ratio
  • Financial position— ​ General Fund change in fund balance