Financial Fumble....

The news was not good for Judson ISD tonight and it made me think about EPISD's fate if the same scenario develops here. In a news report out of San Antonio, it was reported that Judson ISD may have to look for additional funds to complete a new stadium which replaces the old Rutledge Stadium. At the initial stages of construction, it has already been determined that the 10 million bond passed by Judson in 2006 for a new stadium will not be enough to complete the project. In order to complete the stadium, Judson is going to need an additional 40% or 4 million. This is because the costs that are coming in are higher than what they anticipated. Although their original projection made allowances for a rising inflation rate, the increase was much more. EPISD's calculates that our new stadium will be completed with 22 million. I only hope that we did a better job than Judson at estimating the total cost including the inflation factor.