School Mulls Bond Revote

Trustees of Oklahoma County Independent School District No. 52 are looking at ways to win approval of a general obligation bond package narrowly rejected by voters in December.

The district’s $191 million bond proposal was favored by a majority of voters, but failed to attain the 60% super-majority required by state law.

The final total was 2,464 in favor and 1,668 opposed.

District planning committees last week proposed asking voters to approve an identical debt package in July, or reducing the proposal by 10% for an election in April.

Other options include a totally new bond package that focuses on maintenance issues without any of the rejected projects, and selling surplus school facilities to generate revenue.

Superintendent Bill Scoggan said he would examine the options and make a recommendation to trustees later this month.

The district, which serves the Oklahoma City suburbs of Midwest City and Del City, hoped to use the proceeds from the bonds voted down in December to build four elementary schools and expand two middle schools.

The school district’s general obligation debt is rated A1 by Moody’s Investors Service.

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