WFISD Estimates $125 Million for Bond Proposal

Published 02/20 2014 05:08PM

Updated 02/20 2014 06:08PM

Wichita Falls school board estimates its bond proposal to be $125 million dollars to create the latest and greatest education facilities for its students.

Here is a breakdown of the spending:

$64 million would be spent to build the new large high school, which could be located near Memorial Stadium.

$2.3 million would be used to renovate McNiel Junior High, which would then become a 9th grade center.

$10 million would be used to renovate Hirschi High School which would become the second and smaller of the two high schools in the system.

The board is also considering putting a career and technology education center where Wichita Falls High School is currently located.
$24.2 millions would be used for that project.

$12 million would be used for renovations at junior highs.

$8.5 million would provide improvements to the stadium.
$4 million would be used for safety and security upgrades throughout the district.
The WFISD says this summer $43 million of indebtedness will be rolling off the books.

That means for this $125 million bond, a person with a home valued at $100,000 would be paying anywhere between $120 to $135 more annually on their taxes, depending on if the bond is paid over a 25 or 30 year period.

And though the amount allotted in the bond for the career and technology education center won't be changed, WFISD Superintendent, Dr. John Frossard says he's seen the county's top schools secure corporate sponsors to help fund these types of projects.

“They had corporate sponsors for basically every lab space, one might be a computer lab one might be a robotics lab one might be a computer aided drafting lab, but each one was donated or sponsored by a corporation or sponsor and had recognition on the door or in the classroom,” he said.

Sponsors wouldn't be selected until after the bond would be passed which is why the $24.2 million for the career and technology education center will not be changed prior to passing the bond, however corporate sponsors is something the school board will be considering.

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