SAN ANTONIO – The Blue Ribbon Task Force recommended the San Antonio Independent School Board seek a $450 million bond election and raise the district maintenance and operation tax rate.
Trustees will vote on the task force’s recommendation on Aug. 15.
The district’s maintenance and operation tax rate would rise 13 cents and bring in an additional $15.6 million in tax revenue. The state of Texas would match the funds, bringing in an additional $16.5 million, for a total of $32.1 million in additional revenue for the district.
The bond election would renovate GW Brackenridge, Burbank, Edison, Jefferson, Lanier, Sam Houston and Fox Tech high schools; Davis, Irving, Tafolla and H. Rogers middle schools; and J.T. Brackenridge and Bowden Elementary schools.
In a release the district said, “If both proposals were to go on the ballot and pass, the impact to the owner of an average taxable-value home in SAISD of $70,023 would be an initial increase of $7.59 a month in 2016. In 2017, the impact is estimated to be an additional $1.16 for a total of $8.75 a month, which would incrementally go up to $14.59 a month by 2020.”
SAISD voters last approved a $515 million election in 2010. The district said that bond package is on time and projected to come in under budget.
If trustees decide to pursue both proposals, they would appear as separate ballot issues on the Nov. 8 election.