Trustees of Round Rock Independent School District have split a $294.1 million school general obligation bond package into two parts for the Nov. 4 election.
The school board cut several projects from a proposed $350 million bond package developed over the summer by a 55-member committee of parents and community leaders. The board removed a $38.9 million campus for students in alternative education classes but left $4.4 million in the proposal to buy land for the school.
Proposition 1 on the November ballot will total $156.6 million for three new elementary schools, technology upgrades, school buses, and sites for future schools.
Proposition 2 totals $137.5 million. Proceeds will finance a number of improvements, including a $40.2 million upgrade to a high school built in 1980 and a $40.5 million expansion of a high school that opened in the late 1960s. Projects also include adding a science laboratory to an existing middle school and renovations to several district facilities.
The district said if both propositions pass in November, the owner of the average-value home in the district, assessed at $215,039 after exemptions, would pay an additional $78 a year in property taxes.
District voters rejected a one-part $349 million bond proposal in 2005, but in 2006 approved a four-part $267 million bond package. Proceeds were used to build three elementary schools and a middle school.
The Round Rock district’s debt has unenhanced ratings of Aa2 from Moody’s Investors Service and AA from Standard & Poor’s.