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Breakdown of the ECISD $129 Million Bond 8/8/12
Breakdown of the ECISD $129 Million Bond 8/8/12
Shelley Childers
CBS 7 News
schilders@cbs7.com
August 8, 2012
ODESSA, TX – Ector County ISD administration and the school board have been discussing a school bond measure for years and Wednesday night those talks came to fruition with the proposal of a $129 million dollar bond.
If passed the money would be used to expand both Permian and Odessa high schools and build three new elementary schools.
Results from a community-wide, third party survey found overwhelming support for big changes to the district in order to support growth and a move to a traditional 6th-8th grade middle school.
In order to meet the community's request Superintendent Hector Mendez announced a bond is needed.
Here is a breakdown of that proposal:
Additions to Permian and Odessa High School: $72,650,000
Building three new elementary schools: $57,100,000
Total cost of $129,750,000.
Superintendent Mendez proposes two new elementary schools in west Ector County and one in north Ector County.
The cost to the taxpayer to foot this bond looks like this:
A home valued at $100,000 would pay $57.96 a year.
A home valued at $200,000 would pay $160.04 a year.
And a home valued at $300,000 would pay $174.00 a year.
Superintendent Mendez says he will formally present the bond to the school board next Wednesday where the school board will vote on whether or not to add it to the November ballot.