Texas town to vote on $45 million bond proposal

Texas town to vote on $45 million bond proposal

The Chapel Hill (Texas) school board is set to present a $45 million bond package to voters. If it reaches a referendum, the bond will be the area’s third multimillion-dollar school bond in three years.

The board is calling a special meeting to discuss the bond, which will be used to renovate an area middle school, according to the Tyler Morning Telegraph.

However, things do not look good for the bond based on the county’s prior voting record. Two smaller bond packages failed over the past two years. In November 2014 voters rejected a $21 million bond, and in May 2013, voters defeated a $31.2 million bond.

The proposed bond package includes building a new middle school on a new campus, as well as renovating the district’s current middle school. The new middle school will cost an estimated $40 million. $3.5 million will be earmarked for a new operations facility and $1.7 million will be used for renovations of an elementary school.

If the bond passes, the tax rate would increase at least 14.9 cents to $1.39 per $100 valuation from $1.24 per $100, the Tyler Morning Telegraph reported. The average Chapel Hill home would realize an increase of $201.31 annually.

 

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