On May 14, 2011, Socorro ISD voters approved Bond 2011 insuring $297.4 million to address the District's continuing growth and improvements to existing campuses. The development of Bond 2011 was driven by community input and the completion of projects will follow this established precedence. To that end, a Bond Accountability Committee will be convened to ensure and promote communication and accountability surrounding all elements within Bond 2011. In addition, this site will be updated regularly to provide information on Bond 2011 project status, finances, events and news.
While the original list of needs outlined through the assessment process included over $430 million in new construction and improvements, the Facilities Advisory Committee and Board of Trustees prioritized the projects in Bond 2011 in respect of the District's taxpayers and based on educational impact, equity, and stakeholder input. The final proposal includes $297.4 million of new construction and improvements districtwide.
SISD Bond Ratings
The District's Bond ratings impact its ability to issue bonds and the interest rate paid for the debt. Through its history of financial accountability and efficiency, SISD enjoys high ratings from national rating firms. In addition, the District's prudent financial management has led to strong financial ratings by the Financial Integrity Rating System of Texas (FIRST) with “Above Standard” and “Superior Achievement” ratings over the last eight years. Since 2010, SISD has earned a Texas Comptroller Leadership Circle Award. In 2014, SISD earned Platinum member status recognizing SISD’s outstanding commitment to financial transparency and fiscal responsibility.