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McAllen ISD outlines $335 million bond plan, says tax rate would not rise
Summary
McAllen ISD officials and bond consultants presented a proposed $335,000,000 bond package organized into five project categories, said the district can fund it without increasing the current 13¢ debt tax rate by aligning new borrowing with retiring debt, and outlined a timeline that would put a May 2 bond election on the calendar if the board calls it on Feb. 10.
McAllen Independent School District officials and outside consultants laid out a proposed $335,000,000 bond program on Jan. 13 and answered community questions about costs, timing and voter outreach.
"No tax rate increase," said Dr. Robbie McGowan, the district’s bond consultant, summarizing the program’s financing approach and explaining that the district intends to use the existing 13¢ debt portion of the tax rate as older debt retires. McGowan said consultants estimate the district can finance roughly $335 million without raising the tax rate and stressed that the list of projects must be prioritized because the total will not cover every need.
The presentation grouped projects into five categories: modernizations and alignment; wellness, safety and security; learning beyond the classroom; district equity and growth; and capital and deferred maintenance. Pflueger Architects planner Josh Sawyer gave itemized, "all-in" cost estimates, including a $39,490,000 allocation for career and technical education (CTE) expansions, $33,050,000 for cafeteria modernizations at four campuses, $26,920,000 for elementary gymnasiums…
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