ISD Forms Facilities Panel

Trustees of the Socorro Independent School District have formed a facilities committee to review the condition of the district’s schools in anticipation of a bond election in 2011.

The 20-member panel will include two appointees by each of the seven trustees.

Board president Tony Ayub said the board will decide in January whether to set a bond election for May.

Superintendent Xavier de la Torre said a recent telephone poll found that up to 70% of district voters would support additional bonds.

Voters in the El Paso County school system rejected a $397 million bond package in 2007.

The district’s $322 million of outstanding general obligation debt has an underlying rating of AA-minus from Standard & Poor’s, but coverage by the Texas Permanent School Fund enhances the debt to triple-A.

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