HISD outlines $1.9 billion bond issue Houston Chronicle Copyright 2012 Houston Chronicle. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Published 10:26 p.m., Thursday, June 21, 2012 Most of Houston's aging high schools would be rebuilt or renovated under HISD Superintendent Terry Grier's plan to seek voter approval for a $1.9 billion bond issue, the largest for a Texas district in recent history. Grier's proposal, unveiled Thursday, would phase in a tax rate increase of 7 cents, costing the owner of an average-priced home an extra $99 a year in 2017. In their first comments, trustees generally agreed the Houston Independent School District has serious building needs, but some weren't ready to commit support, questioning whether the plan was based on a thorough analysis. Early polling says more voters would support than resist an HISD bond, though organized opposition and other referendums on the ballot could be threats to passage. Consultants with Parsons and MGT of America sent surveys to schools about their building needs, analyzed data and followed up with visits to about 35 campuses (or 12 percent of those in the district.) State Sen.