Spring ISD prepares to spend $300M of 2022 bond package

Spring ISD has successfully sold its first round of bonds for a total of $300 million, according to a March 6 news release, as part of the district’s $850 million bond package approved by voters in November.

How we got here: On Dec. 14, SISD trustees unanimously voted to allow for a maximum of $300 million in bonds to be sold at a maximum total interest rate of 5.5% and a maximum final maturity of 40 years.

What’s next? In 2023, SISD will:

• design projects, such as the Education Performance and Instructional Center as well as the renovation of this district's oldest school, Spring High School;
• meet with the communities of Westfield High School, and Jenkins and Reynolds elementary schools to work collaboratively on those redesign projects; and
• purchase safety equipment and vehicles.

The future: In 2024, construction on the Spring High School project is anticipated to begin. Timelines for other projects have not yet been established.

The back story: SISD's $850 million bond package was approved during the Nov. 8 election with three propositions:

• Proposition A will allocate $681 million to fund campus improvements, including rebuilding Spring High School and renovating Westfield High School ,and Reynolds and Jenkins elementary schools.
• Proposition B will slate $141 million in funding for the Education Performance and Instructional Center, which will be used for district events, such as graduation and convocation; academic, athletic and performing arts events; UIL competitions; and expos.
• Proposition C will fund $28 million in districtwide technology upgrades, such as replacing teacher laptops, adding laptop charging stations to classrooms, upgrading computer labs, enhancing districtwide cybersecurity and updating the district’s telephone system.

For more information on SISD’s 2022 bond, click here.