Trustees and administration officials of the Tulsa County Independent School District No. 1 are putting together a committee to develop a bond project list in anticipation of a school bond election in early 2010.
Bob LaBass, executive director of bond projects for the district, which serves the city of Tulsa, said a bond development committee of residents and business leaders will be established to identify the district’s needs.
LaBass said the development committee would report its recommendations to trustees by November or December, with an election in February or March.
The district’s debt is rated Aa2 by Moody’s Investors Service and AA by Standard & Poor’s.
The district’s last bond election was in November 2005, when more than 72% of the voters approved $162.2 million of general obligation bonds. The 2005 package allocated $116.4 million for facilities, $29.6 million for textbooks and technology, $9.7 million for library needs, and $6.5 million for buses.
Voters approved $140.7 million of bonds for the district in 2001, $109 million in 1999, and $94.5 million in 1996.