Hispanic Chamber board votes to support NISD Bond 2014

NISD Bond 2014

On Wednesday, April 23, 2014 the Board of Directors of the San Antonio Hispanic Chamber of Commerce (SAHCC) voted to support the Northside Independent School District’s (NISD) $648.34 million bond issuance, so that the District continues to provide quality education for their students and Bexar County.

The Hispanic Chamber is encouraging NISD to follow the leadership of other local tax-funded entities in an across-the-board minimum 25% utilization of small, minority, and women-owned businesses throughout every phase and aspect of the bond’s project components.

“We strongly believe that investing in local, small and minority businesses strengthens the local economic impact on San Antonio’s economy,” said Ramiro Cavazos, SAHCC President & CEO. “This advancement will directly support the school district’s capacity to benefit from property tax revenues generated through local commercial accounts.”

The Hispanic Chamber has committed to convene small business advocates to help NISD achieve and monitor their progress toward this goal, in addition to observing the district’s continued utilization of diversity beyond the completion of the 2014 bond projects.

The Hispanic Chamber is urging that on Saturday, May 10, 2014 voters choose to support School Bond 2014, a carefully crafted proposal that would result in the following disbursements:

  • New Schools – $274.5 million
  • Future Sites – $21.25 million
  • Classroom Additions – $12 million
  • Renovation/Reconstruction/Upgrades – $170.97 million
  • Infrastructure – $71.84 million
  • Roofing & Waterproofing – $18 million
  • Student safety and security – $8.28 million
  • Technology – $47 million
  • Transportation – $15 million
  • Bond Issuance & Management – 9.5 million

For more information about the San Antonio Hispanic Chamber of Commerce and a full position statement on NISD Bond 2014, click the link below.

Position.Statement.NISD 2014 Bond.Approved.04.22.14