The proposed EPISD bond issue contains approximately $24 million for things that have short life spans (buses, computers, computer networks). The bonds would also fund high school turf replacement but we don’t have those numbers.
A recent KVIA report featured one of our school board trustees. She said:
“We don’t intend to finance short term assets with long term debt, that was never the plan,” EPISD board member Susie Byrd told ABC-7. “It would not be financially prudent.” Byrd said the district would use different financing terms for different items.
If that was never the plan then she needs to explain this chart that our former city chief financial officer and current deputy superintendent presented to the bond advisory committee:
The chart shows the tax rate staying level for 25 years.
We deserve better