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Judson, Texas Plans May 11 Bond Vote

Judson Independent School District, Texas, is asking voters for an $83 million bond package for construction of two schools. The election is set for May 11.

The bonds for the new elementary and new high school would not require an increase in the San Antonio district’s property tax rate, said Superintendent Willis Mackey. The district’s two high schools and at least four other schools currently are over capacity, he said.

Enrollment is expected to exceed 25,000 by 2017 from the current 22,500.

District voters rejected a $198 million bond proposal for three new schools in 2010.

The district’s $398 million of outstanding debt is rated AA-minus by Fitch Ratings and Aa2 by Moody’s Investors Service. The debt is enhanced to triple-A by its coverage from the Texas Permanent School Fund.

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