The Pasadena Independent School District is seeking approval from voters next week for $270.1 million of general obligation bonds to finance new facilities needed to accommodate the Houston-area district’s rapid growth.
Superintendent Kirk Lewis said the PISD hopes to take advantage of low construction costs to build a high school, three middle schools, and five replacement campuses for older facilities. No tax increase will be needed, he said.
Since voters approved a $300 million bond program in 2004, Lewis said, district enrollment has increased to 52,175 from 46,002.
Pasadena ISD is rated Aa2 by Moody’s Investors Service but maintains a triple-A rating with coverage from the Texas Permanent School Fund.
