Nine Central Texas school districts have called bond elections for this November, asking for nearly $4.24 billion for campus improvements, security and technology upgrades and new construction.
. Austin ISD's bond package is the highest at $2.44 billion, and Waelder ISD is asking for the least amount at $13.745 million. Austin ISD - $2.44 billionAustin ISD said the bond package will provide funding for improvements to enhance safety, centers on equity, benefits every campus and addresses affordability.for campus modernizations, athletic complex upgrades, security upgrades and transportation.
The district says that the proposed bond package is expected to raise the debt service portion of the school tax rate by 1 cent per $100 in taxable value, but the district plans to reduce the maintenance and operations portion of the school tax rate by 6.5 cents this year because of rising property values.
The bond proposal will not affect the tax rate reduction for this school year, and property owners are expected to see an additional estimated 3-cent reduction in the school tax rate next year, for a total reduction of 9.5 cents over the next two years, says AISD. Despite 25 schools being specifically named in the bond package, all campuses are expected to benefit from the bond, which also includes districtwide projects such as safety and security, technology upgrades and new buses.
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