Socorro Independent School District trustees have a approved proposing a $448.5 million bond for the November 2017 election.
According to SISD, they’ve kept the same total tax rate for six consecutive years, even though the district is allowed to raise taxes without voter approval.
SISD Superintendent Jose Espinoza says the first item on the list if the bond goes through is the reconstruction of Socorro High School, which is more than 50-years old and was originally built as a middle school.
According to Espinoza, the bond is needed to accommodate the development in the area.
“Right now in our school district, we have over 1300 students that are overflowed to other schools,” said Espinoza.
The bond would also be used to build one middle school and two new elementary schools for the Pebble Hills and Eastlake area. El Dorado, Americas, and Montwood High Schools would be getting upgrades as part of the bond.
In addition to upgrades, SISD would also be getting a new student activities complex or S.A.C. “Right now we currently have the beautiful S.A.C. that was built in 1992,” said Espinoza. However when that football facility was built, the district had just two high schools and now they have six.
If the bond passes, the average home of $100,000 would pay around $8.83 a month. That amount to a little over $100 dollars more a year in property taxes.
In comparison to other districts, SISD says its tax rate is 14-cents lower than EPISD and 19-cents lower than YISD.
The bond election is set for November 7th and if passed, construction would start within the same year and be completed in 5-years.