Board approves issuance for second installment of 2015 bond

The Board of Trustees authorized the issuance of school building and refunding bonds at its regular monthly meeting, December 12, 2016. Doug Whitt of SAMCO Capital Markets, the district’s financial adviser, presented the Board with an update of the plan of finance for the bond referendum approved by voters in May 2015. In June 2015, the Board authorized the first $90 million of the $173 million approved by voters. In December, the Board authorized the remaining $83 million.

Bond projects go through a design phase and a bid process before construction begins. The first phase of projects began in the summer of 2015 and the second phase began in the summer of 2016. First phase projects include additions at White Oak Middle School and Porter High School; the building of a new elementary school, an early college high school, and a district aquatic center; and technology infrastructure updates across the district. The first projects of phase two include renovations at New Caney Middle School, New Caney High School, and the construction of Elementary School #11. All three projects are in the design phase.