Houston School Board OKs $1.9 Billion Bond Plan 8/10/12
August 10, 2012
HOUSTON (AP) - Voters will decide in November whether to approve a $1.9 billion bond package, one of the largest in Texas school history.
The Houston school board endorsed the plan Thursday to rebuild or renovate many of the district's aging schools and upgrade campus technology.
Superintendent Terry Grier Grier has said the measure could transform Houston, remodeling some of the oldest high schools in some of the poorest neighborhoods and rebuilding prestigious magnet schools.
The Houston Chronicle report the trustees' 8-1 vote came after about 60 people spoke, including parents pleading for modern schools and community members complaining that some would be shortchanged.
Melinda Garrett, the district's chief financial officer, says the bond issue would cause the property tax rate to rise by nearly 5 cents with no increase until 2014.