SEMINOLE – In 2007 Seminole citizens passed a $110 million bond for an extensive building program. On Monday, the Seminole Independent School District (SISD) board members discussed the possibility of another bond election with a 13 cent Interest and Sinking (I&S) tax rate.
According to the district’s Chief Financial Officer Jay Lashaway, 2007 will be paid off next month, much earlier than initially planned. The board is beginning informal talks of a new proposal.
If the board proposes a new bond, at a much lower tax rate than the one in 2007, they must adopt the order calling for a bond election ...