What is a bond?
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.
Why is the District considering a bond election at this time?
Several factors contributed to the timing of the District’s facility and bond planning:
- Enrollment growth due to new housing developments in Troy ISD
- Goal of improving campus safety and increasing student opportunities
- The 1999 bond, which paid for Mays Elementary, will be paid off in August 2019.
What are the facility priorities?
- Expand campus capacities
- Improve campus safety, including traffic flow
- Upgrade the High School learning environment, expand Ag Science and Band spaces, and improve athletic facilities
What are the specific projects that address the facility priorities?
- Renovations and additions to Troy High School, including improvements to Ag, Band, and athletic areas
- Classroom addition at Raymond Mays Middle School
- New fencing, playgrounds, and canopies at Troy Elementary
- New classrooms, traffic flow improvements, secure vestibule, and playgrounds at Mays Elementary
How much would these projects cost? The total bond proposal is $18,250,000 and is projected to cost the owner of a $150,000 home about $26.02 a month.
Would my taxes go up if I am over 65 years of age?
No. By law, if you receive an Age 65 or Older Exemption, your homestead tax rate cannot be raised above the frozen level unless you make significant improvements to your home. A significant improvement would be anything beyond normal maintenance or repair, such as building a swimming pool or adding a garage or game room.
If most of the improvements are needed at the high school, why not build a new high school?
The estimated cost to replace Troy High School is $30M, which is more than the current tax base can support. A new high school could be built in phases, but it would take all the interest and sinking tax, leaving nothing for other campus projects. The Board discussed this idea but preferred a facility improvement plan that would address all Troy ISD campuses.
Why is Troy Elementary receiving fewer improvements than other campuses?
Mays Elementary was originally designed for expansion. Three additions have already been completed at Troy Elementary since 1983. Therefore, it is proposed that Mays Elementary be enlarged to accommodate 2nd grade and projected growth. With 2nd grade moved from Troy Elementary, the campus will have vacant classrooms for the growth of 3rd, 4th, and 5th grades.
How old are our current campuses?
|CAMPUS||YEAR BUILT||CAMPUS CAPACITY||CAMPUS ENROLLMENT AS OF 10/26/18|
|Troy High School||1988||500||448|
|Raymond Mays Middle||2010||400||352|
|Troy Elementary||1983, with additions in 1986, 1993, and 2009||550||460|
|Mays Elementary||2001, addition in 2010||374||279|
How many new student spaces would be created as a result of these improvement projects?
545 new student spaces District-wide
Will the proposed additions provide enough classroom space for the anticipated growth?
Based on a professional demographic study of our district and community, the proposed additions will accommodate our projected enrollment growth for over 10 years. The facility improvement plan is based on current data and our projected ability to finance the cost.
When was the last bond election in Troy ISD?
In 2008, voters approved a $16,900,000 bond to construct Raymond Mays Middle and improve Troy Elementary. A classroom addition at Mays Elementary and the High School metal fabrication shop were also included. At the time, the bond cost the owner of a $150,000 home about $29.75 a month.
What is Troy ISD’s bonded debt?
As of August 31, 2018, Troy ISD’s bonded indebtedness was about $15.3 million. In August 2019, we will pay off the bonds that were originated in 1999 to build Mays Elementary School. That would bring our existing bonded indebtedness to less than $14.5 million.
Does the District receive state assistance to help pay for Raymond Mays Middle School?
Yes. Over the past 10 years, the District has received approximately $1,500,000 from the state for bond payments.
Why is the District considering replacing the grass football field with artificial turf?
The Board has not made an official decision, but the idea has been discussed to save on yearly maintenance costs, improve player safety, improve field access for band as well as other sports, and for consistency with other districts in our area. Beginning with the 2019 football season, Troy ISD will be the only stadium in our UIL division with a grass field.
If an election is called and does not pass, what happens?
The Board would revise the facility proposal and try again in the future. In the meantime, the Board and administration would develop plans to address facility needs as enrollment requires. Portable classrooms could be a possibility.
Would the schools be open during construction?
Yes. The projects would be phased for minimal disruptions to the learning environment.
Have the projects been designed yet?
No. The design phase happens after voters approve a bond with teacher, staff, and administrator input on how the campus should function to best implement Troy ISD’s student programs.
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