Red Oak ISD wants $230.1-million bond
RED OAK – The Red Oak Independent School District is asking for a bond election this May for the amount of $230,100 million.
The amount was determined after a citizens facility planning committee, which included Red Oak ISD staff and the community determined current and future needs for the ISD facility and capital projects.
It has been 15 years since the Red Oak ISD had a bond passed. The last one was in 2007 for $97 million.
The probable tax rate increase if the bond is passed is $1.3666.
The committee presented a presentation indicating almost all Red Oak ISD Schools are at capacity, students are spending too many educational hours in transit, Goodloe Stadium is in danger of being unusable, and the transportation building and parking lots are inadequate.
The Goodloe Stadium projection amount for an overhaul is $45 million, a new transportation building and parking lot comes in at $19 million, energy upgrades and middle school safety and security came to a cost of $3.8 million, a high school renovation was figured at $38 million, $87 million for a new middle school and a connection for the existing middle school, $28 million for Wooden and Eastridge elementary school additions and high school athletic improvements came in with a cost of $9,300,000 million.
If the bond sees success in the upcoming May election, the first bonds will be issued in fall 2022 for 30 years and additional bonds will be issued in 2023 and 2024.