text: HISD Board of Education to consider $212.4 million in additional bond funding | News Blog
  The Houston Independent School District Board of Education on Thursday will consider a funding proposal that would add up to $212.4 million to the bond program to cover significant increases in inflation and construction costs.
  If approved, the additional money would help the district ensure all bond projects are completed as described to voters in the 2012 election. Voters overwhelmingly approved a $1.89 billion bond calling for the reconstruction or renovation of 40 schools across the district, including 29 high schools.
  Though the additional funding isn't needed immediately, administrators are seeking authorization to spend the dollars for project planning and design purposes. The $212.4 million will only be spent if it still is needed after all other bond funds are exhausted.
  The additional money would be funded through the issuance of Maintenance Tax Notes and reserves from the 2007 voter-approved bond. The new debt is not expected to impact other school district needs, nor will it impact the district's credit rating or tax rate.
  The board's regular monthly meeting begins at 5 p.m. on Thursday, Dec. 10, 2015, in the board auditorium of the Hattie Mae White Educational Support Center, 4400 W. 18th Street. Click here to view the full agenda. The board meeting will be broadcast live online at www.hisdtv.org.
  This entry was posted in 2012 bond, 21st century schools, Board of Education and tagged 2012 bond on December 9, 2015 by HISD Communications.
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