“The focus here is to keep financing costs at a minimum and investments in our schools at a maximum,” Doggett said. “We need action soon.”
Despite that extension 13 years ago, the program finds itself near the brink once more. Bobby Ott, superintendent of Temple ISD, said bond packages have gotten bigger and more expensive since 2009 because construction costs keep going up and because district leaders prefer to get multiple projects passed in one package so as not to have to go back and ask taxpayers for more.
worth nearly $1 billion to renovate and build new schools. Woods said the district has sold only a portion of those bonds. Rising property taxes and costs for essential goods also have Texans thinking twice about voting for bonds that could potentially make their taxes go up. In Temple ISD, about an hour north of Austin, Ott said the issue is that districts often pass bond packages promising not to raise taxes, and if the PSF’s program reaches its limit, there’s a possibility that they’ll have to go back on such promises, losing the community’s trust in the process and making it harder to pass future bond packages.
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