With the passage of the bond and the tax rate, Superintendent Mike Waldrip said the district is ready to get started on the planned projects that the bond and tax revenue are expected to fund.
“All of those things that we’ve been telling our community from the beginning, those are the things that we’ll move forward with,” Waldrip said. “We still have our Long-Range Planning Committee in place, and we’ll work with them as we continue to move forward and make those decisions.”
Board of trustees President John Classe said he encourages residents to remain involved with the district as the board looks to systematically implement these planned projects.
“It has taken all of us together to get the district to the level of success that it’s already achieved, and it’ll take that same level of community engagement in order to maintain a district that people want to move to,” he said.
The maintenance and operations tax rate is increasing by $0.13, but the interest and sinking tax rate is decreasing by $0.15 with the passage of the tax election. This is leading to a $0.02 decrease in the tax rate compared with the 2017-18 tax rate.
This is known as a tax swap, resulting in a combined tax rate of $1.44 per $100 valuation. The 2017-18 tax rate was $1.46 per $100 valuation.
The maintenance and operations tax rate increase is expected to pay for various operations costs throughout the district, including increasing teacher salaries and reducing class sizes.
The $691 million is planned to pay for a number of projects within FISD, including building new schools, maintenance projects and facility expansions.
The projects with the largest allocation of bond dollars include new facility construction, preventive maintenance and facility upgrades.
The bond also allocates $43 million for a fine arts auditorium, which would be used for performances, classes and office space.