BOND 2020 | News & Information
The G-PISD School Board voted in favor of holding a Bond Election just a few weeks after receiving a recommendation to proceed from the community-based Facilities Steering Committee on January 20, 2020. Following the committee's recommendation, Board Members discussed and finalized the list of Bond projects (seen below) to be funded if a Bond is passed on Election Day (May 2, 2020).
The bond will include two, separate propositions: The first with several projects totaling $98 Million, and the second for Technology totaling $9 Million. This bond requires no tax rate increase. In 2019, the total tax rate was reduced from $1.35 to $1.26, and the District projects further reductions in total tax rate in years to come in part due to industrial development in our area.
More information will be released in the coming weeks regarding all projects, and the community is invited to submit questions to the District by sending an email to email@example.com or calling 361-777-1091 ext. 1018.
Items shaded in BLUE above denote projects that have been, are being, or will be initially funded with existing District Maintenance & Operations (M&O) dollars ... but are eligible for reimbursement to the District when/if a Bond Election is passed. This is commonly referred to as the "Reimbursement Resolution" process. There is a limited amount of time that any project may be eligible for reimbursement (18 months from from the time the asset is completed).
**Items with two asterisks (**) are those anticipated to be included as possible bond projects for potential, future bond elections along a five-year cycle for replacement/rotation.
Committee Spokeswoman Jennifer Baker made a presentation to the G-PISD Board of Trustees on January 20, 2020, on behalf of the Facilities Steering Committee (FSC) who held meetings to review and discuss potential Bond projects being considered by the School Board. Following those meetings, it was recommended that the Board move forward with a Bond Election in May of 2020. For more information regarding this committee, please visit: www.g-pisd.org/FSC