WHAT IS THE BOND?
Much like a homeowner borrows money to purchase a home, school districts borrow money in the form of bonds to invest in new construction and finance improvements to school facilities. Bonds are approved by voters in a bond election, then sold to investors in the competitive investment market to raise money to pay for capital needs.
The 2017 Eastland ISD bond provides appropriate solutions to tackle many of the District’s most critical needs. With these improvements, the District will be able to continue its tradition of exceptional education into the next decade.
Proposition 1 would allow EISD to address many issues with Eastland High School, such as handicap accessibility to floors 2 & 3, adding modern classrooms and science labs, installing bathrooms on all 3 floors, and giving the historic building a much needed facelift with energy efficient windows & doors, new wiring & electrical panels, fresh paint, new flooring and sidewalks.
Proposition 2 will restructure existing debt to allow the District to save money on interest and put funding back into our classrooms.