School Board Approves Bond Issuance - KLFY News 10

School Board Approves Bond Issuance

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The Lafayette Parish School Board their okay to  the issuance of $30 million of limited tax revenue bonds, Wednesday at the regular board meeting.

The board also gave the thumbs up to breathe life into the district's Facilities Master Plan.

"We're going to pick parts of what the original master plan called for like David Thibodaux.  Instead of spending $47 million, spend $8 million and still have a great school," says Superintendent Dr. Pat Cooper.

Dr. Cooper says the tax revenue bonds will generate about $30 million.

He says the money will have to be spent wisely.  The superintendent's turnaround plan doesn't fit the budget of the original facilities master plan.

"The Career Center instead of spending $10 million, we're going to spend $2 million.  Northside High School we think we can put in another $5 million dollars for a total of $7 million," adds Cooper.

Sarah walker is the Chairman of the Citizens Oversight Committee for the Facilities Master Plan.

Walker says the $30 million is not a sufficient amount of revenue.  "Phase one included rebuilding 17 schools and mostly all the other schools got touched with some sort or renovation," says Walker.

Walker agrees with the board's approval Wednesday. An executive committee is needed.

The committee will help modify the existing facilities plan and bring the new and affordable recommendations before the board.

"A lot of schools were built when we didn't have computers.  So we need to go back into these schools.  If we expect Dr. Cooper to bring our district up from a "C" to an "A" our facilities are going to have to support that too and not just the teachers," say Walker.

The school districts chief financial officer says it will be about 4 months before the process of the bond issuance is complete.   Plus, before any money can be spent the board will have to approve the project.

The Executive Committee of the Facilities Master Plan will include a representative from the Oversight Committee and a  representative from staff. 

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