News
FBISD bond funds could revive eliminated projects Fort Bend ISD trustees will await cost estimates for the remaining 16% of May 2023 bond projects before deciding how to spend roughly $69 million in contingency funds. Fort Bend ISD bond contingency amounts*
Memorial Hermann tower breaks ground Memorial Hermann Sugar Land Hospital broke ground Jan. 31 on its north tower, the final phase in its $231 million expansion that began in April 2023. According to a news release, the tower will feature 52 additional patient beds, surgical suites, expanded emergency care and a neonatal intensive care unit. Looking ahead Construction on the north tower will finish in 2026, officials said.
2023 (Proposition A: new schools and renovations): $49M
While district officials warned against making premature decisions, board members discussed applying contingency funds toward previously eliminated projects from the $1.26 billion bond at the Feb. 10 board agenda review meeting. The details Since October, FBISD’s available contingency funds have grown from $33.08 million to $68.64 million based on the cost-saving budget cuts from recent projects, said Daniel Bankhead, executive director of construction and design. Contingency funds from the district’s 2014 and 2018 bonds can be used on any bond project, while the 2023 bond contingency funds can only be used to fulfill projects within their respective proposi- tion, Chief Financial Officer Bryan Guinn said.
2014: $10.64M 2018: $8.52M
Total: $68.64M
2023 (Proposition B: technology devices): $469.37K
*AS OF JANUARY
SOURCE: FORT BEND ISD/COMMUNITY IMPACT
Looking ahead The district will receive cost estimates for the remaining bond projects by the end of March, Bankhead said. Additionally, the district is undergoing a cost-saving audit to look at general budget effi- ciency, yielding the potential to re-evaluate staff and operational spending, with results coming between April and June, Bankhead said.
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