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El Campo ISD to seek voter approval for $80.9 million bond; trustees approve outreach and extended early voting
Summary
Trustees unanimously approved an $80,905,000 bond proposition for the May ballot, authorized a contract amendment with Park Hill for voter information and directed staff to request extended early voting and an additional polling location with Wharton County.
The El Campo Independent School District Board of Trustees unanimously approved a bond proposition to appear on the May ballot that would authorize issuance of up to $80,905,000 to fund construction, acquisition and equipment of school buildings in the district.
Board members heard a financial presentation that used conservative assumptions — a 2% projected district growth rate and a 4.5% interest-rate assumption for planning — and were told the district expects to stagger bond sales over two or three years. Lewis Wilkes, the district's financial consultant, said, "What we're using in our numbers is 4 and a half percent because we think it's a little conservative. We'd like to be conservative in our numbers." He…
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