The Houston Tea Party Society said last week it would oppose the Katy Independent School District’s request for $459.7 million of general obligation bonds. The election is set for Nov. 2.
In a posting on its web page, the conservative group recommended that its members vote against the proposed bond program.
“We can’t work so hard to hold Congress accountable and then sit back as our local city council or school board go on a spending spree,” the posting said.
The Katy Tea Party Patriots, a separate local group, has raised concerns about the bond proposal but has not taken an official position.
Located about 30 miles west of downtown Houston, Katy ISD has enrollment of almost 61,000 students. The district expects enrollment to be close to 90,000 students by 2019.
The school system’s $949.2 million of outstanding GO debt is rated AA by Standard & Poor’s and Aa3 by Moody’s Investors Service.
The debt is enhanced to triple-A through coverage by the state’s Permanent School Fund
