2006 Bond Information

2006 - $62 Million Bond Passed
New Middle School, new elementary, 2 new elementary additions, technology improvements, land for new schools, and buses.

Bond Project Breakdown

New Middle School (McNair Middle School) - $32.1 million

New Elementary School (Spicewood Park Elementary) - $13.9 million

2 Elementary Additions (Elm Creek & Kriewald Rd Elementary) - $8 million

District-Wide Technology Improvements - $3 million

Land for New Schools - $2 million

Buses - $0.5 million

Contingency - $2.5 million

Bond Effect on Taxes
On February 21, 2006, the Board of Trustees approved selling bonds ONLY if Instructional Facilities Allotment money is available. If available, patrons will repay 20% of the amount borrowed and the state will pay 80% of the cost of builiding.

Tax Rate for 2006 increased about 7 cents.

Tax Rate for 2007 increased about 5 cents.

Year/Home Value/Tax Increase

2006 /$50,000/ $2.92/mo. $35/year

2007 /$50,000/ $2.08/mo. $25/year

Two Year Total - $5/mo. $60/yr

2006 /$100,000/ $5.83/mo. $70/year

2007 /$100,000/ $4.17/mo. $50/year

Two Year Total - $10/mo. $120/yr

For Senior Citizen taxpayers receiving the over-65 exemption, school taxes are frozen on the home and will not increase.