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Voters approve SAISD Bond & TRE
San Antonio ISD voters overwhelmingly made the decision to invest in SAISD students with approval of the two SAISD propositions on the Nov. 8 ballot, supporting school building renovations, 21st-century classrooms and increased academic support.
Voters approved a $450 million bond and the increase of the Maintenance and Operations tax rate, which generates revenue for daily operations.
“We are grateful to the voters and thank the community for taking the time to understand the needs of our students and schools,” said Pedro Martinez, SAISD Superintendent. “We will continue to partner with all of our stakeholders as we work to transform SAISD into a model urban school district.”
The $450 million bond will fund major renovations for 13 schools, replacing infrastructure systems that in most cases are more than 40 years old, upgrading science labs and expanding other classroom spaces to meet recommended state guidelines.
The tax ratification election, to increase the Maintenance and Operations tax rate by 13 cents, will bring in an estimated $32.1 million in additional annual operating revenue, $15.6 million from local taxes and an estimated $16.5 million from the state. The additional revenue will support increased academic offerings for students, technology for the classrooms and upgrades to the learning environment.
The District is committed to remaining good stewards of taxpayer dollars. The SAISD Board will establish a Citizens Bond Advisory Committee to monitor and report to the Board and the public on the progress of the bond program's implementation.