Tyler ISD board calls for bond election
The Tyler ISD board has called for a May bond election.
A $160.5 million bond proposal will be on the ballot May 11. The board made the decision during their monthly board meeting tonight.
If approved by voters, the bond package would provide for the remodeling of Rice and Dixie elementary schools; the construction of three new middle schools, Boulter, Moore and one in southwest Tyler; and the creation of a career and technology center.
This bond package could be funded without raising the existing TISD tax rate of $1.375 per $100 valuation.
This is because the district is paying off about $5.5 million in existing bond debt each year, according to district information.