The Midlothian ISD School Board at its Monday, April 21, 2014, approved the sale of $20.5M in bonds for the construction of Elementary School #7 from the 2011 Bond Program – a program previously approved by the voters.
The sale of the bonds, according to our financial advisor, will not increase the district’s I&S (interest and sinking) tax rate.
The decision to approve the sale of bonds, means that other decisions will need to be considered at future board meetings, including, but not limited to:
(1) The location of Elementary School #7;
(2) The design (and capacity) of Elementary School #7; and
(3) New school zones.