Bond Proposal Approved by Board

During the summer, the EISD Board of Trustees asked that a group of citizens of EISD be brought together to analyze the results of the May 2018 bond election and to make recommendations on the future needs of EISD.

During the month of August, a series of meetings were held to discuss specified needs and to examine different options that might meet those needs. On August 9, 2018 the Committee, by a vote of 17-1, made a recommendation to the Board that included the construction of a new High School.

On August 20, 2018, the EISD Board of Trustees voted unanimously to call for a November bond election in the amount of $38.6 million. If approved by the voters, the bonds will be used to finance the following:

  • Construction of a New High School with Vocational/Ag/CTE
  • Renovation to Existing Facilities, including the Primary, Intermediate, and Middle Schools.
  • Conversion of the Existing High School into a Middle School.
  • Purchase of New Buses

The Board considered the addition of an auditorium to the new High School.  Taking many factors into consideration, the Board elected to construct the new High School with plans to add an auditorium in the future.

The Board also agreed that it was their intent to complete the turf program at the softball and baseball field that was part of the Committee’s recommendations. In attempting to keep the bond proposal as small as possible, the Board identified sources of funding that may be used for the turf installation. The sources included interest earned on the construction funds while construction is being completed, potential savings on the construction projects, potential increase in interest rates for current district investments, potential increase in state aid, etc.

If approved by voters, the tax rate increase required to finance the projects will not exceed 30.5¢, using conservative estimates.  The average Eustace ISD homeowner can expect to pay $22.76 more in taxes per month.  There will be no tax increase above the frozen level on the homestead of taxpayers 65 years of age and older who have applied for and received the age 65 freeze.

Early Voting will occur from October 22nd to November 2nd and election day voting will take place on November 6th.

Additional information will be available on the Eustace ISD website at www.eustaceisd.net and any interested citizen with questions may contact the Eustace ISD Administration Office at 903-425-5299.

One thought on “Bond Proposal Approved by Board”

  1. Oh this is so awesome. All of the planned construction projects will benefit The school district and all the students and faculty. So proud to be a bulldog!

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