The San Antonio Independent School District released a public opinion survey last week that showed support for a bond issue for capital improvements of as much as $400 million.
The survey found that 59% were in favor of a bond issue to improve school facilities, but the support fell to 38% when respondents were told that the passage of the bonds could add more than $100 a year to the property tax on an average house.
School trustees are considering a bond election for November. The school board must set a November election date no later than Aug. 24.
Trustees voted last week to continue planning for an election, but declined to establish a citizens bond committee.
The district, which has 91 schools for about 55,000 students, has seen its enrollment decline for several years.
San Antonio ISD’s general obligation debt has an unenhanced rating of AA-minus from Standard & Poor’s. The district’s bonds are enhanced with coverage by the Texas Permanent School Fund.