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Southwest ISD 2008 Bond Information
 
2008 - $22 Million Bond Passed
Provided additional space for exisiting high school due to growth, new elementary school, Bob Hope Additions/Renovations
Bond Project Breakdown
New Elementary School (Medio Creek Elementary) - $15.0 million
9th Grade Annex Renovation - $3.5 million
Bob Hope Additions/Renovations - $3.5 million
Bond Affect on Taxes
On February 19, 2008, the Board of Trustees approved selling bonds ONLY if Instructional Facilities Allotment money is available. If available, patrons will repay 33% of the amount borrowed and the state will pay 67% of the cost of builiding.
Tax Rate for 2008 increased about 3 cents.
Home Value/Tax Increase
$50,000/ $1.25/mo. $15/year
$100,000/ $2.50/mo. $30/year
For Senior Citizen taxpayers receiving the over-65 exemption, school taxes are frozen on the home and will not increase.
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9th Grade Campus
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Medio Creek Elementary
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Bob Hope Elementary


 

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