The board of trustees discussed the future bond package and next steps the Facilities and Bond Oversight Committee will take during the board's Nov. 12 meeting.
Two-minute impact
The FBOC is expected to finalize its recommendation during its Nov. 13 meeting, which will then be presented to the board of trustees during its next meeting Nov. 18.
"[For] the previous two bonds we provided that recommendation in December and February, and that wasn't a whole lot of time for y'all to deliberate, so we're trying to get that to you a little bit earlier," Chief Operations Officer Max Cleaver said.
FBOC member Jessica Bedwell said the recommendation will be split into project categories, ranked by FBOC members and include budget lines.
Past board conversations on potential bond items have included propositions for a new high school and purchasing new school buses.
Cleaver said the bond capacity—or the district's ability to generate enough property tax collections to pay off bond debt—is $800 million to $1.3 billion. Chief Communication Officer Tim Savoy added this is the capacity without needing to raise the interest and sinking, or I&S, tax rate.
"This is going to be the largest bond proposal we've done, ever, and we've said that every time," Bedwell said.
What's next
Savoy said the legal deadline to call for a bond for the May election is Feb. 14. Public forums are expected to be held in December or January, and the board could call for the election by its Jan. 27 regular meeting.
