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Austin ISD board hears bond update as construction costs climb; district says bond still fundable
Summary
Austin ISD operations staff told trustees the 2022 bond program faces higher costs driven by market escalation but that consolidations and interest earnings should allow the district to deliver planned projects without issuing a new bond at this time.
Austin — Austin ISD officials told the Board of Trustees on April 23 that the district’s $2.656 billion projection to deliver projects under the 2022 bond is running roughly 9% over original estimates because of construction cost escalation, but staff said interest earnings and program consolidations reduce the immediate need to seek additional voter funding.
Christina, the district’s operations officer, opened the presentation and walked trustees through project stages and expenditures, saying the…
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