Ask the editor: Why do districts hold bond elections?

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On Nov. 6 voters approved a $118.3 million bond referendum for New Braunfels ISD.

School districts primarily use bond funds for large-scale capital improvement projects because money to do so is not included in districts’ annual budgets.

Districts receive funding from state, federal and local sources, with the primary local funding source coming from property taxes. A school district’s tax rate consists of two parts, with the larger part funding the district’s maintenance and operations and the smaller part paying interest the district accrues from bonds. Revenue from property taxes does not pay for construction projects.

Comal ISD’s latest bond was passed in 2017 and will fund two new high schools opening in 2020 and 2021. A 2015 bond package funded two new middle school campuses that opened in August.

Districts that are experiencing rapid growth may need to hold bond elections more often to build enough facilities to keep pace with growing student enrollments.

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Rachel Nelson
Rachel Nelson is editor of the New Braunfels edition of Community Impact Newspaper. She covers local business, new development, city and county government, health care, education and transportation. Rachel relocated to Central Texas from Amarillo in 2009 and is a graduate of Texas State University's School of Journalism and Mass Communication.
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