Pilot Point ISD Superintendent Dr. Shannon Fuller shared the reason the board called a $295 million bond election for the May 2 ballot at the PointBank Business Breakfast on Feb. 25.
One of the issues she touched on is that the high amount is a growth bond that will be dependent on growth in the tax base to sell the bonds.
“This is considered a growth bond, and what that means is we don’t have the capacity yet to sell all the bonds,” Fuller said. “You can’t, as a school district, sell bonds unless you have the capacity, meaning you have to be able to have … the tax base to be able to support that.”
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