We are surprised that only one group (KVIA TV) reported the fact that YISD will receive $215 million to help pay for the $430 million bond issue that was approved.
KVIA wrote about and quoted the YISD superintendent:
De La Torre also pointed to additional state funding in the form of Existing Debt Allotment and Instructional Facilities Allotment.
“It’s a $430.5 million bond. But in terms of the burden to our community it’s a $215.25 million bond and that’s all they are being asked to pay for because the state is paying for the other half,” De La Torre said.”
As far as we can see the Times has not mentioned the $215 million. They attributed the district’s tax decrease to:
District officials said the decrease is due to favorable market conditions during the bond sale and a slight increase in state funding for existing debt and for an allotment that helps offset the cost of building new instructional facilities.
In our neck of the woods $215 million in tax relief is worth writing about.
We deserve better