Lake Travis ISD considers $158.5 million bond package


Posted: Mon, 9 May 2011 01:01 PM - 9,060 Readers

By: Taylor Short


The Lake Travis ISD school board is expected to vote on a proposed $158.5 million bond package May 19 following recommendations from an advisory committee May 5.

The 28-member committee, made up of residents in each of the school attendance zones, spent seven meetings discussing bond items that would help the district handle its high growth rate that is expected to leave schools at full capacity by 2025.

"We firmly believe the components contained in the proposed bond package efficiently and effectively address core needs for district-wide facilities in a fiscally responsible manner,” said Gary Loudamy, chair of the bond advisory committee, during the May 5 workshop.

The proposed bond items include new construction, expansion of schools as well as district-wide and specific facility upgrades. The estimated tax increase related to the bond would be 9.24 cents for a total tax rate of $1.4083 per $100 of assessed property valuation. If approved, the election would add about $281.88 annually to the average home, according to a district news release.

“We appreciate the thorough and rigorous process used by the community-based bond advisory committee," Board President Jason Buddin said. "They spent many hours studying the critical needs of the district so that a rational and reasonable bond program package could be developed.”

Proposed Items:
  • New Elementary School #6: $25,000,538
  • New Lake Travis Middle School:  $53,729,520
  • Expansion of Lake Travis HS into Current Lake Travis MS Campus:  $20,624,740
  • Expansion of Hudson Bend MS:  $22,246,711
  • Necessary Upgrades for Existing Facilities:  $20,727,262
  • District-wide Improvements (including contingency and closing costs):  $16,125,568

Total: $158,454,339




Read Full Story at: Taylor Short



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