A school district in North Texas adjusted the total of its bond package after the proposal failed in November. Voters will be asked to approve $746 million in bonds on May 1.
Richardson ISD taxpayers could be asked to approve a $750 million property tax bond during the May election.
The deficit will not affect payroll this fiscal year, but the district says it could “compound in years forward.”
A suspect arrested for the murder of Sgt. Sean Rios has a lengthy criminal history and had been released on a $100 bond earlier this year.
The large, multi-faceted bond package and property tax rate increase were defeated by residents of the district.
Residents of Northwest ISD are being asked to approve a $986 million bond package and a property tax increase in November.
The $3.7 billion proposal is divided into five measures that combined make for the most expensive bond package in Texas history.
Dallas ISD will request voter approval of $3.7 billion in new bonds, which would add to the district’s existing $3.8 billion in debt.
The massive bond package is being promoted as resulting in no net tax increase, but language in the proposal could pave the way for a future debt tax.
