WHAT IS A 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 ROISD 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.

BY the Community, FOR the Community!

The Growth Management Committee, made up of 51 diverse community members from across Red Oak, volunteered for four months to study and prioritize the District’s most critical needs.  This bond is largely their recommendation to the Board of Trustees.

Prior to submitting their recommendations to the Board, the volunteers were tasked with:

• Conducting a comprehensive analysis of information related to Red Oak ISD facilities, including selected on-site reviews of previous and proposed projects

• Reviewing future enrollment trends and projections

• Establishing construction, renovation and site acquisition needs

• Validating cost projections to meet analyzed needs

• Reviewing the District’s needs regarding technology and other identified capital items