Slocum ISD holding bond election

Published on Friday, 21 March 2014 09:05 - Written by

(MCT) -- Slocum Independent School District will hold a bond election May 10 to consider building a new high school and gymnasium.

If approved, the bonds would finance a new school building which would include seven classrooms, one computer lab, one science lab, one culinary arts lab, one physical education/gymnasium, one secured entrance, one administrative suite, one dining area with food storage, one teacher workroom and furniture, fixtures, equipment, security and technology for a complete facility.

The total cost is $6 million. SISD budgeted for an "equity down payment" of $2.7 million, making the net amount of potential bond financing is $3.3 million, according to SISD.

If approved by voters, the tax rate increase required to finance the projects will be 14.8 cents. The average Slocum ISD homeowner can expect to pay $7.17 more in taxes per month or $86.04 a year.

Early voting will take place April 28 to May 6 at Slocum ISD Board Room on weekdays from 7:30 a.m. to 3:30 p.m. On Election Day, voting will take place at the board room from 7 a.m. to 7 p.m.