Tempers Flare Over Texas School District's $349M Bond Vote

Watts, Jim
March 2005
Bond Buyer;3/2/2005, Vol. 351 Issue 32081, p7
Trade Publication
The article reports that supporters and opponents of a $349 million bond package for the Round Rock, Texas, Independent School District have charged each other with deliberately misleading taxpayers. District officials said the bonds are necessary to keep up with rising enrollment in the fast-growing suburb north of Austin, and will not impose a financial strain on taxpayers. Opponents said debt service on the bonds would require an increase in property taxes beyond the state limit for debt service, and that $349 million is much more than the district requires to meet its needs.


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