Corpus Christi Independent School District will build two new schools if voters sign off on a $125 million general obligation bond referendum on Nov. 2.

A new high school, which is expected to cost between $80 million and $90 million, would be the first for the South Texas school district in more than four decades.

A new middle school, which would cost between $30 million and $40 million, would also be built with the proceeds.

District officials said the new school facilities on the south side of the city would alleviate overcrowding at existing facilities.

Corpus Christi ISD has about $235 million of outstanding debt. It carries unenhanced ratings of Aa3 from Moody's Investors Service and AA from Standard & Poor's.

The debt is enhanced to triple-A through coverage by the Texas Permanent School Fund.

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