Hays Consolidated ISD is considering $60 million bond package.
Is it prudent? Hays CISD is almost a half billion dollars in debt — over $497 million as of August 2012. With just less than 16,000 students, this District spends only 46% of the total expenditures on instruction. And the Superintendent makes over $195,000 annually, not including benefits.
Is this bond election necessary? Will more money help? It will make taxpayers poorer – and will put more debt and higher spending on the backs of future taxpayers.
Texans have the second highest per capita local debt in the country – second only to New York.
We will be following the Hays ISD school board and be reporting more on that and other proposed bond packages.