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Heads up, Texas taxpayers: we’ve reviewed the upcoming ELECTRA ISD agenda and found 2 items that deserve your attention before the gavel falls.
| WARNING (LEVEL 6) |
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District Hears Pitches for Major New Spending, Debt
The board is receiving presentations from both a financial services firm (Live Oak) and an architectural firm (BWA). This combination is a classic signal that the district is preparing a major capital project, likely funded by a multi-million dollar bond that will be paid for with higher property taxes.
Response
GET AHEAD OF THE DEBT: Contact the Electra ISD board before the meeting. ‘Regarding Items 6 and 7, what is the scope of the project being considered, and will taxpayers have the final say on any proposed bond or debt?’
💰 Impact: Future Bond Debt
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| WATCH (LEVEL 5) |
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Solar Project Update Lacks Financial Details
The superintendent is updating the board on a ‘Solar Project.’ These projects can lock taxpayers into complex, long-term lease or power purchase agreements that function as debt without voter approval and may not deliver promised savings.
Response
DEMAND TRANSPARENCY: Contact the Electra ISD board. ‘Regarding Item 10.c, please publish the full financial analysis for the Solar Project, including any proposed contracts and the total long-term cost, before the board takes any action.’
💰 Impact: Undisclosed Long-Term Debt
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