WHITE OAK, Texas (KETK) - The White Oak ISD Board of Trustees has called for a $1,075,000 bond election that would help them refinance their current tax debt.

The board called for the bond election in a meeting on Monday. The bond would raise money to "refinance existing maintenance and operations tax debt of the District," according to a White Oak ISD statement. The district expects that there won't be any tax increase needed to fund this bond.

"The debt to be refinanced is currently paid from the District's maintenance and operations budget, which funds day-to-day items like teacher and staff salaries, utilities and similar items," White Oak ISD said. "Approval of the refunding bond would change the payment source of the debt to the District's debt service tax, which would create space

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