KFOX14 - kfoxtv.com - Search Results
Ysleta ISD considers $155 bond election, gets legal counsel
By: Gina Benitez
EL PASO, Texas The Ysleta ISD School Board considered calling a $155 million bond election Wednesday night and trustees got legal advice on how to go about it.
Although it isn't set in stone, trustees are considering the election to get money in order to improve facilities.
An attorney for the district proposed three possible dates for the election, with the first option being Nov. 14.
That date marks the general election where the senator, gubernatorial race and every other prominent race in the state will be in that election.
While it seems like a good thing, the attorney presented the board with some cons to having the bond election on that ballot.
The attorney said they would have to compete with the major races in turn and may receive less attention. It would also lose millions in state funding.
The second option would be Saturday, July 19, and although it isn't a uniformed election day, it's the day the city asked to host its special election to replace city Rep. Eddie Holguin and another municipal judge.
If the governor determines its it's an emergency, he will grant the city authorization to conduct the election. However, YISD still has to get its own emergency designation from the governor's office.
Money wise, the district would share costs with the city and wouldn't have to wait until 2018 for state funding.
The last option would be to hold the bond election on May 10 the day of the next general election.
However, YISD would have to run the election on its own, footing the entire bill.
The county elections office wouldn't be able to do the bond election then, because it wouldn't have adequate staff and equipment.
Dr. Anna Perez, interim superintendent at YISD, said option 2 on July 19 would be the district's best option.
"We have the opportunity right now to sell $155 million in bonds with no increase in taxes to the taxpayer. So that's the real advantage of looking at a bond election relatively soon," Perez said.
Perez said facility improvement needs in the district are upwards of $500 million.