EPISD Proposes $450 Million Bond to Upgrade Aging Schools and Facilities

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The El Paso Independent School District (EPISD) is considering a bond election in November to address over $1 billion in long-term facility needs. Deputy Superintendent David Bates outlined three potential propositions totaling $445.8 million, focusing on essential upgrades like cooling systems, technology purchases, and athletic stadium renovations. This proposal follows recent layoffs of 55 employees due to financial exigency and a third-party audit revealing budget tracking issues. If approved, the bond is expected to maintain the current tax rate, although rising home valuations may still affect tax bills. The EPISD board will vote on calling the election on August 11, with official recommendations to follow in early August.
Key Details: • Bond election proposed for November 2024. • EPISD board to vote on election call on August 11, 2024. • Three propositions totaling $445.8 million: $409.6 million for upgrades, $10.6 million for technology, $25.6 million for stadium renovations. • Tax calculator to be provided to assess potential impacts on homeowners. • Previous bond approved in 2016 was worth $668 million.