Denison District Eyes Debt

The trustees of the Denison Independent School District voted unanimously last week to put a $79.8 million general obligation bond proposal on the May 14 ballot.

A citizens facilities committee recommended constructing a new high school and renovating the current high school. Renovations are also proposed at one middle school and four elementary campuses.

Officials said the district would demolish two elementary schools and consolidate students into five remaining schools to reduce operational costs.

The district has no rated debt. Denison is 90 miles north of Dallas.

For reprint and licensing requests for this article, click here.
MORE FROM BOND BUYER