Santa Fe ISD Sets Vote

Voters in the Santa Fe Independent School District will decide on three general obligation bond questions totaling $65.2 million at the election on Nov. 4.

The Galveston County district is seeking $32.9 million of bonds for renovations to existing facilities, $21 million of bonds for new building projects, including additional high school science classrooms, and $11.3 million for a new high school auditorium.

The district’s current property tax rate of $1.16 per $100 of assessed value would peak at $1.52 per $100 in 2011 if voters approve all three bond proposals.

Unenhanced ratings for the district’s debt include A3 from Moody’s Investors Service and A-minus from Fitch Ratings.

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