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Gatesville ISD architect presents $22.93M bond package estimate; financial advisor says up to $26M possible without raising tax rate
Summary
Architect Brent Winkler and the district presented a $22.93 million ballpark bond package including junior high additions, a field house and auditorium renovation; financial advisor Brian Grubbs said borrowing up to $26 million may be feasible without a tax-rate increase; trustees discussed timing and a pending bill that could force November-only bond elections.
Trustees heard a facilities and bond planning update that reworked previous cost estimates and offered a possible pathway to fund a large slate of projects without raising the district's tax rate.
Architect Brent Winkler (presented in the meeting) provided updated ballpark estimates that were substantially lower than an earlier estimate the board had received. The illustrative package totaled about $22,930,000 and included: a new junior high band/choir/theater ($4.2…
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