On August 18, 2015, the CSISD Board of Trustees unanimously approved calling a bond election for November 3, 2015, for an amount of $135.9 million. If passed by the voters, the bond sale will have a property tax impact of $.06 to $.10 per $100 of valuation for the 2016-17 fiscal year – depending on the terms of the bonds at the time of the sale.
Note: For the 2013 bond issuance of $83.5 million, CSISD conservatively projected a tax impact of $.05 to $.08. The actual increase was approximately $.06 per $100 of valuation.
The chart below shows the potential monthly and annual increase in property taxes for those who live in the CSISD taxing jurisdiction and takes into account the new $25,000 homestead exemption. These increases will not affect those whose property values are frozen.
$.06 rate increase
$.10 rate increase
WHAT IS INCLUDED IN THE 2015 BOND PACKAGE?
A panel of 25 community members, five district administrators, two teachers and two school board members met five times in the spring of 2015 to identify the capital needs of CSISD. After studying the district’s enrollment history and projections, student demographic trends, and the growth of the City of College Station, the committee concluded the following projects were of the highest priority.
Links for More Information
Intermediate School No. 3
Middle School No. 3
Elementary School No. 10
Renovations to Current Intermediate and Middle Campuses
In addition, the following items were discussed, but were not included in the 2015 bond package:
- Multi-Use Performing Arts Center
- Multi-Purpose Sport and Recreation Facility