Judson ISD Eyes Package

The Judson Independent School District in Bexar County is considering a bond package of $198 million to build a new high school and two new elementary schools.

Proceeds would also finance land ­acquisitions for new schools and improvements at 13 elementary schools, five middle schools and two high schools. Other projects will include a new transportation center.

Trustees will decide Aug. 19 whether to put the proposal on the Nov. 2 ballot.

The district will conduct a telephone survey of voters before the meeting to determine community support for the bonds.

Voters approved a $59.6 million debt proposal in 2006 after having earlier rejecting bond ballot requests in 1999 and 2000.

The school district’s $420 million of outstanding bonded debt carries unenhanced ratings of Aa2 from Moody’s Investors Service and AA-minus from Fitch Ratings.

Judson ISD’s debt is enhanced to triple-A with coverage from the Texas Permanent School Fund.

For reprint and licensing requests for this article, click here.
MORE FROM BOND BUYER