Trustees of the Hurst-Euless-Bedford Independent School District will vote this week on whether to set a May 11 election on a proposed $136.5 million general obligation bond package.
If the vote is set, it would be the district’s first bond election in 14 years.
A recent survey of district voters found that 65% would support a bond package of up to $150 million.
Proceeds would finance construction of a career and technology center, student activity centers at the district’s two high schools, and upgrades to student technology and facilities.
District officials said a new $19.2 million auxiliary services center is needed to replace one scheduled to be demolished for a freeway expansion project.
The district’s $226 million of outstanding debt carries underlying ratings of AA-plus by Fitch Ratings, A1 from Moody’s Investors Service, and AA-plus by Standard & Poor’s.
The debt is enhanced to triple-A through coverage by the Texas Permanent School Fund.
The district serves the Dallas suburbs of Hurst, Euless, and Bedford.
