On May 5, voters approved a $575 million bond referendum to build new schools, rebuild aging facilities, renovate and repair existing school facilities, and update technology and safety enhancements.
On July 24, Humble ISD sold $125 million in bonds to pay for the first portion of the plan.
The projects covered by the 2018 bond referendum will be undertaken from 2018 through completion. Some factors that impact the schedule are:
- how imminently critical the need;
- the volume and complexity of projects that can be effectively managed simultaneously;
- economies of scale that can be achieved by bundling similar projects when doing so maximizes resources and is practical;
- the amount of bonds that can be issued at one time without increasing Humble ISD’s tax rate;
- minimize interruptions to the campus environment.
Moody’s and Standard and Poor’s bond rating agencies assigned Aa1 and Aaa enhanced ratings, respectively, to Humble ISD bonds – ranking the district in the top three percent of school districts in Texas.