November 7, 2017 Texas School Bond Elections: Unofficial Results

On Tuesday, November 7, 2017 Texas voters went to the polls to vote on bond propositions and other ballot measures called by 58 school districts.  Among other ballot measures, 52 districts submitted a total of 59 bond propositions to the voters, totaling over $7.2 billion.  While all results are unofficial and canvassing is underway, as of 9:30 a.m. on Monday, November 13, local media outlets and the Texas Comptroller are reporting preliminary election results.

Of the 52 districts that submitted bond propositions, voters look to have approved the propositions of 42 Districts (some with multiple propositions) totaling over $6.4 billion.

The Underwood Law Firm public finance team has extensive experience representing school districts in all aspects of bond issuances, from facilities planning to election, and through issuance and post-issuance compliance. Whether serving as bond or disclosure counsel to issuers or as counsel to underwriters or trustees, Underwood stands ready to work with all participants needed to finance the improvements needed to meet school districts’ future needs. 

Summary of Results

  • Region 1 Districts

    • La Villa ISD: $5 M—Passed

 

  • Region 2 Districts

    • Calallen ISD: $39.5 M—Passed
    • London ISD: $18 M—Passed

 

  • Region 3 Districts

    • East Bernard ISD: $18.5 M—Passed
    • Kenedy ISD: $26 M (two propositions)—Passed
    • Van Vleck ISD: $88.2 M–Passed
    • Victoria ISD: $141.2 M—Failed

 

  • Region 4 Districts

    • Crosby ISD: $109.5 M—Passed
    • Danbury ISD: $18.7 M—Passed
    • Deer Park ISD: $156M—Passed
    • Katy ISD: $609.2 M—Passed
    • Lamar CISD: $445 M—Passed
    • Pasadena ISD: $135 M—Passed
    • Spring Branch ISD: $898.4 M—Passed
    • Stafford MSD: $62 M—Passed
    • Tomball ISD: $275 M—Passed

 

  • Region 6 Districts

    • Coldspring-Oakhurst CISD: 8 M—Passed
    • Navasota ISD: $55 M—Passed
    • Snook ISD: $7.5 M—Failed

 

  • Region 7 Districts

    • Laneville ISD: $6.9 M (two propositions)—Failed
    • Mineola ISD: $41 M—Failed
    • New Diana ISD: $5.5 M—Passed
    • Winnsboro ISD: $31.5 M—Passed

 

  • Region 8 Districts

    • Dekalb ISD: $12.5 M (two propositions)—Passed

 

  • Region 10 Districts

    • Community ISD: $115 M—Passed
    • Howe ISD: $17M—Passed
    • Pottsboro ISD: $59 M—Failed
    • S and S CISD: $24 M—Passed
    • Sherman ISD: $176 M—Passed
    • Waxahachie ISD: $78 M—Failed

 

  • Region 11 Districts

    • Aledo ISD: $72.9 M (2 propositions) – Failed
    • Aubrey ISD: $51 M—Passed
    • Eagle Mountain-Saginaw ISD: $524.7 M –Passed
    • Fort Worth ISD: $750 M—Passed
    • Little Elm ISD: $239.5 M (two propositions)—Passed
    • Peaster ISD: $13.5 M—Failed

 

  • Region 12 Districts

    • Groesbeck ISD: $5 M—Passed
    • Mart ISD: $9.2 M—Passed

 

  • Region 13 Districts

    • Austin ISD: $1.1 B—Passed
    • Bastrop ISD: $88.5 M—Failed
    • La Grange ISD: $37.9M—Passed
    • Lago Vista ISD: $2.9 M—Passed
    • Lake Travis ISD: $253 M—Passed
    • Leander ISD: $454.4 M—Passed

 

  • Region 14 Districts

    • Wylie ISD: $45 M—Passed

 

  • Region 16 Districts

    • Amarillo ISD: $100 M—Passed

 

  • Region 18 Districts

    • Ector County ISD: $291.2 M—Failed
    • Grady ISD: $35 M—Passed

 

  • Region 19 Districts

    • Socorro ISD: $448.5 M—Passed

 

  • Region 20 Districts

    • Lytle ISD: $6.5 M—Failed
    • Medina ISD: $5.9 M—Passed
    • Poth ISD: $10 M—Passed

 

Whether filling out the team to get recently approved bonds to issuance, contracting for the expenditure of those funds, refinancing existing debt, or evaluating future financing options, Underwood has the experience in election, finance, procurement, real estate, and construction law to make your vision reality.

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