A bond is similar to a home mortgage. It is a contract to repay borrowed money with a stated interest rate over time. In Texas, most school districts utilize bonds to finance construction, renovations, and equipment.
- The number of in-District students has increased by 80% since 2014. More classrooms are required to accommodate our growing enrollment.
- Our buildings have served the District for many years. The proposed security and infrastructure projects will enhance the student learning environment and improve operational efficiency.
The District’s 2018 Strategic Facility Plan provided 3 different scenarios for growth – a slow growth model, a medium growth model, and a high growth model. For the current school year, the high growth model projected 97 in-District students by the end of school. As of August 29, there were 100 in-District students enrolled.
A school district’s tax rate is comprised of two tax rates: the Maintenance & Operations tax (M&O) and the Interest & Sinking tax (I&S). The M&O rate is used to operate the school district, including salaries, utilities, furniture, supplies, food, gas, etc. The I&S rate is used to pay off school bonds. Bonds only affect the I&S rate. CISD has no I&S, so the District’s total tax rate for 2019-2020 is $0.97, which is 7 cents lower than last year’s tax rate.
No. The square footages and estimated costs have been determined, but the design would happen after voter approval with teacher, staff, and administrator input on how to best implement CISD’s program goals.
No. By law, bond money may not be used for recurring expenses, such as salaries, utilities, and daily supplies.
No. By law, if you receive an Age 65 or Older Exemption, your homestead taxes cannot be raised above the frozen level unless you make significant improvements or additions to your home, such as building a swimming pool or adding a garage or game room to your home.
Anyone at least 18 years of age and living within the boundaries of CISD is eligible to vote. You must be registered by Monday, October 7 in order to participate in this election.
You can check your voter registration status at www.votetexas.gov. Residents can also call their respective county elections offices:
Williamson County: 512-943-1630
Travis County: 512-854-9473
The ballot will read: “THE ISSUANCE OF $5,000,000 OF BONDS BY THE COUPLAND INDEPENDENT SCHOOL DISTRICT FOR NEW AND EXPANDED CLASSROOMS AND A NEW GYMNASIUM AND LEVYING THE TAX IN PAYMENT THEREOF.” Voters will vote “for” or “against” the proposition.
It usually takes about 2 years from bond passage to move-in.