Slocum Independent School District has called a $6 million bond election to consider building a new high school and competition gymnasium.
During the regular SISD Board of Trustees meeting Thursday, the SISD Board of Trustees approved calling for a bond election to be held on May 10 to allow the voters an opportunity to decide on the Long Range Facility Improvement Plan.
After developing and evaluating the long range plan, the SISD Board of Trustees has, over the last several months, received final details including architectural schematics, programming and cost estimates and the corresponding financial feasibility analysis from Texas school financial advisors.
“The Slocum ISD Board of Trustees and I have considered long range facility plans. We felt that the timing was right to consider construction of a new high school and competition gymnasium,” Slocum ISD Superintendent Cliff Lasiter said. “Over the past several months we have evaluated our current financial position, our current needs as a district, and the long term cost effectiveness for the district of building while interest rates are low.
“The Slocum ISD community, through the bond issue, will get to decide if building a new high school and competition gymnasium is right for us,” Lasiter continued.
If approved by the voters, the bonds will be used to finance a new school building, which will include the following features:
• Seven standard classrooms
• One computer lab
• One science lab
• One culinary arts lab
• One physical education/gymnasium
• One secured entrance
• One administrative suite
• One dining area with food storage
• One teacher workroom
• Furniture, fixtures, equipment, security and technology for a complete faculty.
The total cost of the Long Range Facility Improvement Plan is $6 million. The District has budgeted and saved for an “equity down payment” for the facility in the amount of $2.7 million, and therefore the net amount of potential bond financing is $3.3 million, according to SISD.
“We hope to be completely transparent and I am available to answer questions at your convenience,” Lasiter said.
If approved by voters, 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.
Early voting for the bond issue will be held April 28 to May 6 at the Slocum ISD Board Room on weekdays from 7:30 a.m. to 3:30 p.m. Election Day voting will be held May 10 at the Slocum ISD Board Room from 7 a.m. to 7 p.m. The May 10 election is the day school and city elections will be held throughout the state.
Additional information will be available on the Slocum ISD website at www.slocumisd.org. Any interested citizen with questions may contact the Slocum ISD Administration at 903-478-3624.