The San Antonio Chamber of Commerce Board of Directors voted unanimously to support the Alamo College District’s (ACD) 2017 Bond Program that will be on the May 6 ballot. This bond package, which totals $450 million dollars, will make improvements to current school facilities, which will account for a significant portion of the proposed bond expenditures.
These improvements will impact each of the campuses of the ACD. The proposed renovations include replacing aging infrastructure systems, redeveloping interiors and exteriors, and repurposing aging facilities. The bond will also fund new facilities to address anticipated population growth and the community’s educational priorities including the second CAST Center focused on manufacturing and construction. These renovations will enable the District to provide facilities and technology built to support cutting-edge education and training for our community.
“As a community we need to support the continued growth and expansion of our community colleges especially given the role they play in training so many of members of our future workforce,” said Richard Perez, President & CEO of the San Antonio Chamber of Commerce. “The Chamber is proud to support this important bond initiative for the colleges, and we encourage voters to vote yes on May 6.”
Additionally, this bond program would be implemented in three phases to minimize the impact to financial statements and debt ratios allowing for the ACD to avoid raising the debt portion of the tax rate. At the current appraisement rate, there will not be an increase in the District’s tax rate for debt service from the current rate. People who are 65 years of age or older, who have a homestead exemption, will be exempt from tax rate increases unless new improvements are made to their homes.
The San Antonio Chamber of Commerce has been propelling business success since 1894. As the largest business association in the region, the Chamber advocates on behalf of business at the local, state and federal level on pro-business legislation; collaborates with education institutions and organizations to build a stronger workforce for the future and provides a way for businesses of every size to build their network.