Background of Bond 2018
The Texas City ISD Board of Trustees unanimously called for a $136.1 million school bond election for May 5, 2018. This figures includes four new replacement schools and three district-wide initiatives. This action came after a recommendation from the community Facilities Advisory Committee (FAC), made up of more than 70 Texas City-La Marque community members who spent more than 3 months studying current facilities, educational programs and student population.
The FAC recommended replacing the following schools: Guajardo Elementary School (formerly Northside) at a cost of $25.7 million, La Marque Elementary School at a cost of $24.4 million, La Marque Middle School at a cost of $44.5 million and La Marque Primary School at a cost of $24.1 million. In addition, the FAC recommended district-wide improvements for all schools with the following initiatives: safety and security at a cost of $6.5 million, roofs and parking at a cost of $9 million and one computer for every student in grades 7-12 at a cost of $1.9 million.
“I really appreciate the citizens from Texas City and La Marque that dedicated so much of their personal time to this effort,” said Dr. Rodney Cavness, Superintendent of Schools. “It was a big charge to ask them to make recommendations for our district that will impact not just the students now, but in 5, 10 and even 50 years down the road. We had a good representation of parents, grandparents, business owners and community members who faithfully attended meetings and provided input. The group unified for the good of all students and they did a fantastic job.”
Should voters approve the bond referendum, tax payers would see an 8 cent increase on a $100 valuation on the school tax rate. For example, if a home was valued at $100,000, there would be $80 in additional school taxes for the year, which is about $6.67 a month more than what those taxpayers are currently paying in school taxes. However, those who are over 65 or disabled will not be impacted. School district taxes on resident homesteads (except for subsequent improvements) are capped in the year the taxpayer turns 65 years of age and will not increase as a result of this school bond election.The taxpayer must apply for the exemption.The disabled are also able to have their school taxes capped.For more information, call Melissa Tortorici at 409-916-0114.
Informational community meetings were held in March at the Carver Center and Doyle Center and April at the TCISD administrative offices. If you would like to schedule a speaker to present factual information to your group, please call Melissa at the number above.
Download Bond Presentation
If you haven't been able to make it to a community meeting, you can view the PowerPoint herePowerPoint download.
Download Bond Flyer
Here's a quick overview of the bond on a two-page flyerPDF download.
Download Bond Financial Analysis
Here's an overview of the outstanding indebtednessPowerPoint download for Texas City ISD that includes former La Marque ISD issued debt.
The District maintains a very strong “AA” rating from Standard and Poor’s and will borrow using the Texas Education Agency’s Permanent School Fund Guarantee which maintains a “AAA” rating (the highest rating possible) that allows the District to borrow at the lowest rates possible.
- What is a school district bond election?
- Can the revenue from selling bonds be spent on personnel or other district operational costs?
- I have heard that if the bond issue is passed, there are advantages for the school district and community in that bond repayment is not subject to the “recapture money” that we have to send back to the state each year. Is this correct?
- I understand that if the bond issue is passed that school taxes will go up approximately 8 cents per $100 of value. Is the tax increase applied to the total value of the home?
- Are all school districts required to give a local district Homestead Exemption?
- What will be the fiscal impact to the homeowner of a median priced home in Texas City ISD if the bond issue passes? What is the value of a median priced home in Texas City ISD?
- Would the proposed 8 cent tax increase become effective immediately?
- Will all of the bond projects be financed for 30 years?
- What is being proposed in the May 5 Texas City ISD School Bond Election?
- When will the Texas City ISD bond election be held? Who can vote in a school bond election?
- I am not registered to vote. Is it too late to register if I want to vote in the May 5 Bond Election?
- What if I want to vote with a mail ballot, how do I obtain one?
- Where do I go to vote and what form of identification will be accepted?
- Did the school district seek community input before identifying the bond projects being requested?
- Were other facility projects considered by the CFAC in addition to the projects that were recommended? If so, why aren’t those projects included in the bond issue?
- When did the Citizens Facilities Advisory Committee (CFAC) make its’ recommendations to Texas City ISD?
- If the voters pass the bond issue when will the bonds be sold?
- Will voters have an opportunity to receive information and to ask questions about the bond issue before the election?
- I have been told that the tax rate to support the bond issue is different from the tax rate that supports daily operations of the school district. Please explain this
- I read that the tax rate that supports bond debt in school districts may be lowered as the overall value of a school district increases. How does that work?
- If the bond issue passes, will the tax rate for our senior citizens be increased?
- If I have questions concerning the bond issue, who should I contact?
All of the Frequently Asked Questions Word document downloadDOC downloadand answers are provided here in one document.