EL PASO, Texas (KTSM) — After declaring financial exigency last month amid a multi-million dollar budget deficit, the El Paso Independent School District (EPISD) is considering a bond initiative worth up to $450 million.
EPISD’s Citizens Bond Steering Committee has identified over $1 billion in unfunded campus improvements and deferred maintenance. The potential November bond would address a large portion of these projects, and would be split into three considerations: campus improvements, technology, and athletic stadiums.
Shane Mercer, a member of EPISD’s Citizens Bond Steering Committee, joined KTSM 9 News anchor Andy Morgan on Tuesday, July 7, to discuss a potential bond, what the funds would cover, and what it could cost taxpayers. Mercer said he does not expect the bond to contribute to increases in homeowners’ tax bills, but rising property valuations may lead to higher taxes…