You asked and we listened. We have been asked what we are doing out of our Maintenance & Operations budget to address some of the district's facility needs. The following video is the first of many that will provide updates on our facility upgrades.
To ensure that the district provides the best facilities for our students while being frugal with taxpayer funds, Royal sought bids from six different banks. Amegy bank had the lowest interest rate (2.2%) on a 15-year note. The funds will be deposited on March 8. This option will allow the district to have as small an impact as possible on the fund balance. In addition to the low interest rates, the proposed projects will save the district approximately $135,000 - $145,000 per year through reduced utility costs.
Thank you to Royal CFO Hector Herrera and to our vendors for providing innovative ways to address facility needs in the absence of an approved bond proposal. Thank you also to the Royal ISD School Board members who supported this important initiative. One of our goals is to be transparent with regards to how taxpayer dollars are spent while adhering to our policies and procedures. Royal ISD is committed to providing our Falcon learners with the tools and facilities they need to be successful!