Slim Margin for Some Texas School Bonds

A school district in the Texas Panhandle passed a $30 million general obligation bond referendum by a single vote at the polls on May 11.

The proposal by Plemons-Stinnett-Phillips Consolidated Independent School District passed with 160 votes in favor and 159 opposed.

The district will used the proceeds to build a sports complex that includes a football stadium, baseball fields with synthetic turf, tennis courts, and an arena.

The district’s other bond measure had smoother sailing. Voters approved a $2.3 million GO bond request for facility improvements by a 235-82 margin.

The Silsbee Independent School District near Beaumont lost a $29.5 million bond election by only 13 votes.

Superintendent Richard Bain said the district now must determine how to repair its facilities, some of which are more than 50 years old.

"We have to do something," Bain said. "These aren't wants, these are needs."

The Silsbee district’s $15 million of outstanding GO bonds are rated A3 by Moody’s Investors Service.

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Texas
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