NEISD considers half-billion dollar bond proposal
Board to decide in August whether to put proposal on November ballot
SAN ANTONIO – Compiled through community input, a record half-billion dollar bond proposal was detailed Tuesday evening for board of the Northeast Independent School District.
"It's the largest yet," said Aubrey Chancellor, NEISD spokeswoman.
She said 70 projects would be paid by the $499,950,000 bond proposal, but with no tax rate increase for at least five years.
"Just like you re-finance your home mortgage, that's what they've been doing with old bond debt," Chancellor said. "They're able to save taxpayers $137 million."
She said the bond proposal does not include a single new school.
"We're going back to older campuses, going back to older facilities, really focusing on upgrades and repairs," she said.
Chancellor said many of the improvements would benefit extra-curricular and athletic activities.
She said the bond proposal is about equity throughout the district.
Chancellor said the board will vote in August whether to put the bond before NEISD voters on Election Day, Nov. 3.
In separate action, new teachers and librarians will earn a starting salary of $50,000 a year, an increase approved by the NEISD board.
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