Trustees of the Allen Independent School District have informally agreed to consider a two-part debt plan, with less-expensive but more pressing projects being financed by bonds that could appear on the November ballot, and three more-costly projects awaiting authorization until a May vote.
The November election in the suburban Dallas district would seek voter authorization of a smaller but still undetermined amount of bonds, with proceeds going to pay for two new elementary schools, several school renovations and expansions, and new buses.
The larger May bond ballot would total about $120 million. Projects would include a new stadium, transportation center, and high school auditorium.
Allen ISD voters approved a $55 million bond package in 2002 and a $71.5 million measure in 2003.
The district’s GO debt has unenhanced ratings of Aa3 from Moody’s Investors Service and AA from Standard & Poor’s.