Slocum Independent School District' registered voters voted 58 percent in favor of a $3.3 million school bond that will help finance a new school building during the May 10 city and school elections Saturday.
Approximately 155 voters voted for the bond, while 112 voted against the bond, according to unofficial results.
Slocum ISD's request for approval of $3.3 million bond will be used to finance a new $6 million school building. Slocum ISD has budgeted for a “equity down payment” for the facility in the amount of $2.7 million, and therefore the net amount of the bond financing was for $3.3 million.
The building will include seven standard classrooms, one computer lab, one science lab, one culinary arts lab, one physical education/gymnasium, one dining area with food storage, one administrative suite, one secured entrance, one teacher workroom, as well as furniture, fixtures, equipment, security and technology for the complete facility.
The tax rate increase required to finance the projects will be 14.8 cents, using conservative estimates. The average Slocum ISD homeowner can expect to pay $7.17 more in taxes per month or $86.04 a year. There will be no tax increase above the frozen level on the homestead of taxpayers 65 years of age and older who have applied for and received the age 65 freeze.