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East Central ISD board votes to call May 3 bond election for $309.15 million schools plan
Summary
The East Central Independent School District board approved an order calling a May 3, 2025 bond election for $309,150,000 to build a new comprehensive high school and two elementary schools. Officials and advisers outlined projected tax impacts, timelines and site-development costs.
The East Central Independent School District Board of Trustees on Feb. 2025 voted to call a bond election for May 3, 2025, asking voters to approve $309,150,000 in bonds to fund a new comprehensive high school and two new elementary schools.
Bond planning committee member Cassandra Baron told the board the committee recommends a single proposition of $309,150,000 that would fund a new comprehensive high school and two elementary schools, and that the district needs the projects to relieve overcrowding as several campuses approach or exceed capacity by 2028.
Victor Koroga, the district’s financial adviser, presented the district’s revised tax-impact analysis and said the district’s modeling shows the proposed $309,150,000 program would raise the I&S portion of the tax rate by about 8.75 cents per $100 of taxable value when phased over three years. "We were able to solve for this bond amount of $309,150,000 and ... have that I&S tax rate impact at 8.75¢ per $100 valuation," Koroga said. Koroga described a three‑year bond sale plan that he said would phase the tax impact for homeowners (first year ~5.2¢,…
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