Latest KISD 2015 bond recommendations could raise tax rate by 10 cents

Klein ISD's latest recommendations for its 2015 bond would increase the district's property tax rate by no more than 10 cents in the next eight years, raising the average KISD homeowner's property taxes by about $12.99 per month at the peak of the resulting tax increase.



Superintendent Jim Cain presented an updated list of bond recommendations to the KISD board of trustees Dec. 8. Cain said the most recent recommendations include $498.1 million in total costs, a reduction of more than $200 million from the $725.6 million in possible costs reported following the bond's second steering committee meeting.



The largest piece of the bond package costs comes from $279.1 million in new construction, Cain said. New projects proposed in the bond include High School No. 5, Intermediate School No. 11, Elementary School No. 33 and another Early Childhood/Pre-K Center.



"We feel this represents a very good bond package, a very tight package," Cain said. "We believe this focuses on the needs [of the district]."



With the original $725.6 million recommended bond package and the $128 million in unsold bonds left over from the 2008 bond authorization, Cain said the district's property tax rate would have risen by 16 cents in the next eight years. In addition to a higher tax rate increase, Cain said the debt service rate would have risen over 50 cents, which would not have allowed the district to sell bonds by law.



"After the second steering committee meeting we went back to the drawing board with my senior leadership, and we took a long, hard look at that situation," Cain said. " It was our determination that the 16-cent increase was really too much. It was an increase over an 8-year period that we felt, while justified, was simply too high."



The bond package was dropped $227 million by the third steering committee meeting, which would have result in an 11-cent property tax increase. Then KISD opted to use reserve funds to pay for $8.4 million in technology costs within the bond, Cain said.



"What that did was allow us to decrease the tax rate increase from 11 cents to 10 cents, because the less technology you have in the bond issue, the less of a spike you have in your tax rate over an 8-year period," he said.



If these recommendations are approved by the board in January and by voters in May, then the average home in the district of $155,866 would see a tax increase of $5.20 per month in 2015–16. The tax rate increase from the current rate would rise to $11.69 per month the following year and then to $12.99 per month the next four years before dropping to $9.10 in 2021–22 and $7.90 in 2022–23.



Cain said the district will likely need another bond authorization between 2021 and 2023. Voters approved a $646.9 bond package in 2008 and another $224 million bond authorization in 2004.



Although the bond recommendations were presented to the KISD board of trustees, the bond remains a draft plan until it is approved by the board in January, Cain said. If the board approves the recommendations, district residents will vote on the bond in May.



For more information about the bond, visit www.kleinisd.net.

By Matt Stephens
Matt Stephens joined Community Impact Newspaper in December 2012. A Tomball native and a graduate of the University of Texas at Austin, Matt joined as a reporter for The Woodlands team before being promoted to help launch the Spring | Klein edition in spring of 2014 and later to North Houston managing editor in late 2015. He has served as managing editor to the Phoenix and Nashville papers since August 2020.


MOST RECENT

 Redistricting is one of the items on the Texas Legislature's third special session, and the state Senate released proposed maps on Sept. 18. (Ali Linan/Community Impact Newspaper)
Texas Senate releases proposed redistricting maps as special session begins

Redistricting is one of the items on the third special session, and the state Senate released proposed maps on Sept. 18.

Cy-Fair ISD continues to see hundreds of COVID-19 cases confirmed weekly. (Courtesy Adobe Stock)
COVID-19 case confirmations down 14% week over week in Cy-Fair ISD

Nearly 3,000 cases have been confirmed on campuses since the start of the 2021-22 school year.

Located near the intersection of TC Jester Boulevard and Alvin A. Klein Drive, Windrose West comprises 961 single-family homes and is zoned to Klein ISD. (Ronald Winters/Community Impact Newspaper)
Check out September's featured neighborhood in the Spring and Klein area: Windrose West, 77379

Located near the intersection of TC Jester Boulevard and Alvin A. Klein Drive, Windrose West comprises 961 single-family homes and is zoned to Klein ISD.

The neighborhood wine bar and shop will offer 60 varieties of quality boutique wine as well as several varieties of beer, including local favorites. (Courtesy Pexels/Brian Parker)
The Classy Cork to bring more than 60 varieties of wine to north Spring

The neighborhood wine bar and shop will offer 60 varieties of quality boutique wine as well as several varieties of beer, including local favorites.

Cliff Woodward (center), co-founder of Cypress Creek Emergency Medical Services, hands the keys of CCEMS’ first ambulance to early CCEMS paramedic Richard Beasley (left) in 1975. (Courtesy Cypress Creek EMS)
Cypress Creek EMS, Harris County ESD 11 forge new paths after yearslong feud

On Sept. 1, the Harris County ESD 11 launched ESD 11 Mobile Healthcare to take over providing emergency services to over 600,000 residents across 177 square miles in its service area in north Harris County.

Texas Medical Center coronavirus updates: Daily average hospitalizations drop 15% week over week; ICU sees dip in number of patients

Coronavirus patients at TMC hospitals number 2,107, which in itself is an 11% week over week decline.

At a Sept. 11 practice, Houston Girls Hockey Association teams took the ice to prepare for their first games the weekend of Sept. 17. (Courtesy Houston Girls Hockey Association)
New Houston-area all-girls hockey league set to play first games this weekend, Sept. 17-19

The league was created to give school-aged girls a chance to continue playing hockey through college, since young girls can often feel discouraged playing on co-ed teams, Director of Membership Valory Zeck said.

Seven of the Spring and Klein area’s nine ZIP codes experienced a decrease in the number of homes sold in July as compared to July 2020, while ZIP codes 77373 and 77388 experienced an increase. (Courtesy Adobe Stock)
See how the Spring, Klein real estate market fared in July 2021

Seven of the Spring and Klein area’s nine ZIP codes experienced a decrease in the number of homes sold in July as compared to July 2020, while ZIP codes 77373 and 77388 experienced an increase.

Houston restaurant Lasagna House will be celebrating its 79th anniversary on Sept. 27 with a community event. (Courtesy Matt Vernon)
Eat lasagna, learn to line dance: 12 things to do in Spring and Klein throughout September, October

Here are a few events and things to do in the Spring and Klein area throughout the months of September and October.

graphic
DATA: How population changed in Texas counties between census counts in 2010, 2020

Texas added nearly four million people between 2010 and 2020, according to the latest Census data.

Texas-wide public charter school system Harmony Public Schools will offer a full virtual learning option for eligible students. (Courtesy Harmony Public Schools)
Harmony Public Schools will offer virtual learning for K-12 students in Houston, Katy, Sugar Land, Cypress

Schools under the Harmony Public Schools umbrella may offer up to 10% of its student body a full virtual learning option.