The Norman Transcript

February 14, 2013

Big-ticket bond issues

The Norman Transcript

NORMAN — Big-ticket school bond issues are passing in area school districts by wide margins. Norman’s 2009 $109 million bond issue passed with about 66 percent of the vote. That compares to a $9.2 million bond issue that fell just more than a percentage point of getting the required 60 percent in 2003. (Eight months later, voters approved it with 69 percent).

Moore voters this week approved a record $126.5 million bond issue with a 74 percent margin. Edmond voters approved an $80 million package with about 79 percent support.

Voters don’t seem to be shy about adding to their property taxes to keep their school district’s buildings and equipment up to date. Districts seem to be choosing to propose fewer bond issues but bigger ones.

In the fast-growing Moore district, two new elementary school, a junior high school and additions to five elementary schools will be added. In Edmond, voters said yes to a new elementary school, a new middle school and land acquisition for a fourth high school.

Districts in growth areas like Norman, Moore and Edmond have higher bonding capacity. A low-interest rate environment is a good time to make investments.

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