Trustees of the Lake Travis Independent School District voted last week to put a $158.5 million general obligation bond proposal to voters on Nov. 8.
Proceeds would upgrade some facilities, expand existing schools, and build two new schools.
Lake Travis ISD currently has 7,000 students, but expects an enrollment of 18,000 by 2025.
Approval would require a property tax increase of 9.24 cents for the Austin-area school district, bringing the total tax rate to $1.4083 per $100 of assessed valuation.
The district’s $150 million of outstanding debt is rated Aa2 by Moody’s Investors Service and AA-plus by Fitch Ratings and Standard & Poor’s. The debt is enhanced to triple-A by the Texas Permanent School Fund.
