texas school bonds 2023

Proposition A will construct two new elementary schools, build a ninth grade center, renovate Hutto High School and expand classrooms. U.S. President | Issue $25 million in bonding for building purposes and a new gymnasium. Seventeen school districts called bond elections for a collective $4,192,662,273: Bastrop ISD, Comal ISD, Coupland ISD, Dripping Springs ISD, Eanes ISD, Hays CISD, Hutto ISD, Jarrell ISD, Johnson City ISD, Leander ISD, Lexington ISD, Liberty Hill ISD, Llano ISD, McDade ISD, Nixon-Smiley ISD, San Marcos CISD, and Waelder ISD. The school district purchased the former church and has been using a portion of it for board meetings and other functions. [4], Under Texas law, a simple majority (50 percent plus one) is required to approve a school bond measure. The committee's recommendations totaled $427.155 million, an amount that officials state would not raise taxes. Hays CISD's proposed bond would allow for a new elementary school to be built near Lehman High School, off Bunton Lane. Issue $13.85 million in bonding for building purposes and renovations. Issue $33.5 million in bonding for building renovations. The district could also cancel some projects to keep the tax rate as promised. After a rejecting a bigger bond package in November, Dripping Springs voters on Saturday approved a $223.7 million bond proposal to build new schools and facilities to address growth. How to run for office | James Byrd Jr. Texas Tribune Festival A Texas program that backs school districts' bond debt is about to reach its limit and it could mean raising taxes Under the state's Permanent. Dickinson Tex Indpt Sch Dist Schoolhouse. The Bond Guarantee Program (BGP), using the corpus of the Permanent School Fund (PSF), guarantees bonds issued by a school district or charter school. 2023 Bond - Eanes ISD: A K-12 independent school district in Austin, Texas. In the next 10 years, the school district is expecting to double its population. In Temple ISD, about an hour north of Austin, Ott said the issue is that districts often pass bond packages promising not to raise taxes, and if the PSFs program reaches its limit, theres a possibility that theyll have to go back on such promises, losing the communitys trust in the process and making it harder to pass future bond packages. Issue $3 million in bonding for a new gymnasium and building purposes. Texas school districts announce bonds as state's population grows. Midland Independent School Districts bond committee has decided on a $1.678 billion bond in June. Comal ISD is requesting a $634.659 million bond package to address continued enrollment growth as well as items such as campus safety and security, student technology, and expansions and improvements at existing campuses. view article, Belton ISD shares a commonality with many Central Texas school districts it is expanding its footprint and it is doing so quickly. Ruiz will take the place of Molly McClure. McDade ISD is requesting a $27,000,000 bond package to address the district's septic system, transportation facilities, and buildings. If youre talking about having to ask your taxpayers for more money, it can make any bond issue just a little harder to pass, he said. Midland Independent School District's bond committee has decided on a $1.678 billion bond in June. The proposal which will be used to build a new elementary school, expand a middle school and pay for designs for other schools received 4,744 votes, or 64.1%, according to the election results. [6], Under Texas Law, a school district must mention in the ballot if the governing board or commissioners court of an ISD may levy, pledge, assess, and collect annual taxes on all taxable property in the district. all money raised by the 2023 bond would stay in Eanes ISD because bond revenue is not subject to recapture. The bond package will be on the ballot as one proposition to cover three areas: Bastrop ISD says if approved, the bond would not lead to a tax rate increase. More than 65% of voters supported Proposition C, which will spend $5 million on stadium upgrades. Despite that extension 13 years ago, the program finds itself near the brink once more. The IRS, which has jurisdiction over tax-exempt municipal bonds, has set that limit at about $117 billion. SCHOOL TRUSTEE PLACE 7. The district couldnt get $40 million worth of bonds guaranteed through the PSF, Superintendent Matthew Gutierrez said. Congress LATEST NEWS. Jarrell ISD is requesting an almost $325 million bond package to accommodate student growth and add capacity. 2045 -Feb. 4.000%. Coupland district voters passed a $56 million bond for a new middle school and new buses, according to complete but unofficial results. Issue $15.2 million in bonding to pay legal judgements. As of Oct. 31, the program only has about $652.6 million left in capacity before the program shuts down, according to the latest state projections. Jodey Arrington All rights reserved. view article, Construction financed by Andrews ISD's $157 million bond passed in May has begun in a small increment. The Texas City ISD Board of Trustees unanimously called for a $158.6 million school bond election to be held on November 8, 2022. As of Sunday, May 7, the bond package is expected to pass, 54.05% to 45.95%. For media inquiries, contact us here. Johnson City ISD is requesting an almost $60 million bond package to address anticipated enrollment growth. Proposition C which dedicates almost $4 million in technology upgrades such as network security and software passed with 55.77%. Moore defeated Joseph B. Thompson with 56.5% of the vote. With districts across the state facing outcry from some parents over pandemic response measures and how race and history are taught in schools, some voters have expressed their discontent by striking down bond packages on the ballot. Siblings Tara and Travis Upchurch, both former Aldine ISD students, asked trustees at Tuesdays school board meeting to reconsider the districts plan to acquire their fathers property through eminent domain. Texas makes a stand getty Political push-back comes in many forms. The district was denied from the PSFs guarantee program in November but sold about $600 million of its bond debt in January anyway because construction costs continue to go up and the district could not afford to delay its projects, Chief Financial Officer Ed Ramos said. Prop A: An almost $118 million bond to build and improve school buildings. The IRS said it could not comment on whether it was planning to extend the limit of the PSFs bond program. Site designed by Key Creative, KISD board approves negotiations for multi-million dollar property, Magnolia ISD approves $70M for Junior High School No. Proposition D, which would use $17.5 million for a district natatorium, passed with 51.6% of the vote. We talked with Andrews ISD Superintendent, Dr. Bobby Azam to see how this school year may look different for families. The purchase of this building is to consolidate most of the districts central administration functions including curriculum administration, Superintendent Jo Ann Fey said before the vote. We need action soon.. The district previously tried to pass a $13.745 million package in November 2021, but voters rejected both propositions. The 13,550-square-foot structure will be utilized specifically for instruction in livestock sciences. A school bond committee plans to present its bond proposal to the school board in July. Issue $120.3 million in bonding for building purposes and renovations. The teenager found guilty of shooting classmates at an Arlington high school in 2021 was ordered Monday to spend more than a decade in prison. Issue $15 million in bonding for renovations. Thats down from $3 billion at the end of September. They are also still working on pouring some concrete slabs. Blanck defeated challenger Marcos Gonzalez with 51.5% of the vote after receiving 3,130 votes. Having the PSF as a guarantor helps school districts get the best interest rates on those bonds. Three separate propositions are aimed at expanding instructional facilities, providing instructional technology to students and funding a districtwide academic center. This is also the second election cycle in a row where Coupland ISD, Dripping Springs ISD, McDade ISD, and Waelder ISD had bond measures on the ballot. Seguin ISD had promised taxpayers that the bond package would raise the property tax rate by only 2 cents. There is no requirement for the governing board of a school district having to pass a resolution in advance of the 62 day mandate.[6]. On Tuesday, voters in 38 school districts across Texas approved more than $12 billion in school bonds, bringing the state's school debt to $125.4 billion. However, this will not impact senior citizens with an Age 65 freeze and no significant property improvements. U.S. Reps. Lloyd Doggett, D-Austin, and Jodey C. Arrington, R-Lubbock, filed House Resolution 32, which would eliminate a limit on the bond program. LEANDER, Texas - Central Texas voters have approved almost $4 billion in school bonds this May. Disclosure: The Texas Association of School Business Officials has been a financial supporter of The Texas Tribune, a nonprofit, nonpartisan news organization that is funded in part by donations from members, foundations and corporate sponsors. Carolyn Perez, director of communications with the Texas Permanent School Fund, said the TEA has been in conversations with the IRS about increasing the limit, but no decision has yet been made. view article, We wait for Midland ISD to announce the people who will lead the political action committee for the expected bond election in November. Voters elected Diane Hern to the school board's Position 3. The proposal received 131 votes, or 58.2%. In the Place 4 race, Priscilla Kay Ruiz defeated Greg Mueller with 60% of the vote. The only proposal to fail, Proposition D to spend $52.2 million for outdoor, covered pavilions with artificial turf for athletics, band or dance practices, among other uses had 52% against the measure. Spectrum News Contact About Incumbents Kim McMath and Laura Clark sailed to reelection for Positions 1 and 2, respectively, after running unopposed. An implied promise of salary hikes if the bond passes might count as encouragement to vote for the bond, which could violate state law. Almost 75% approved the measure for two new elementary schools, a new middle school, renovations to Jarrell High School for career education and other space needs. TYLER, Texas The May 7 election played host to a plethora of local school bond elections. The meeting is expected to firm up the committees presentation to the Midland ISD school board in July. Crews are now working on constructing the structure of the building. The building will feature a press box and concession stand. Welcome to the Texas Bond Review Board's new website effective May 19, 2023! Will you support our nonprofit newsroom with a donation of any amount? Its one reason supporting independent journalism like the Tribunes is critical. Copyright 2023 - TexasISD.com All Rights Reserved.