Bond Background

At its September 2015 regular meeting, the Boerne ISD Board of Trustees charged superintendent David Stelmazewski with seating a Long Range Facilities Planning Committee to study enrollment growth trends in the district, to review facilities usage, and to develop a set of recommendations to guide the board's deliberations related to new facility needs.

 

The committee, chaired by local banking executive and Boerne native Bryan D'Spain, included more than 60 individuals - parents, business leaders, teachers, district administrators, civic leaders and students.

 

The committee met five times from October 2015 through January 2016 for intense information review including BISD financial information and bond financing, a district-wide facility assessment, a comprehensive community opinion survey, a demographer’s report and a corresponding capacity study of BISD facilities in relation to current student enrollment and projected future growth.

 

Upon completion of the Committee’s analysis, a recommendation was presented to the Board of Trustees on January 19, 2016.

 

Thanks to the hard work and dedication of these individuals, the Boerne ISD community overwhelmingly approved the bond proposal with more than 73 percent in favor on the May 7, 2016.

 

Click here for more information about the Long Range Facilities Planning Committee.

 

Tax Information

Your public school taxes involve two figures: Maintenance and Operations (M&O), used to pay for salaries, utilities, Robin Hood recapture, furniture, supplies, etc.; and Interest and Sinking (I&S), used to repay debt for capital improvements.

Maintenance & Operations (M&O)

Interest & Sinking (I&S)

Daily operations of the district ONLY:

Teacher salaries, text books,

electricity, fuel, supplies, etc.

$1.04

Used for debt repayment.

Bond elections only

affect I&S rate.

$0.25

(M&O)

(I&S)

Boerne ISD's Current Total Tax Rate: $1.29

Bond elections affect the I&S tax rate. Proceeds from a bond issue can be used for the construction and renovation of facilities,
the acquisition of land and the purchase of capital items such as equipment, technology and transportation. Proceeds CANNOT be used as part of the general operating budget, or to increase salaries.

 

As of May 2016, Boerne ISD’s I&S tax rate is $0.25. When combined with the district’s M&O tax rate of $1.04, the total tax rate for Boerne ISD is $1.29.

Estimated tax impact

The tax impact of this bond is an estimated increase of 6 cents, for a total tax rate of $1.35. For a home valued at $250,000, this represents an increase of approximately $11.25 per month.

 

impact on senior citizens' property taxes

Boerne ISD property taxes for citizens aged 65 or older or for disabled citizens are not affected by the bond election as long as a homestead and Over 65 exemption application has been filed with the local appraisal district.

 

Under state law, the dollar amount of school taxes imposed on the residence homestead of a person 65 years of age or older cannot be increased above the amount paid in the first year after the person turned 65 – regardless of changes in tax rate or property value – unless there are new improvements to the homestead that increase the value of the home.

 

Contact your local appraisal district with questions regarding the Over 65 exemption.

Home Value

(assumes $25,000 homestead exemption)

ANNUAL

INCREASE

Estimated Monthly Tax Increase

$150,000

$250,000

$347,000**

$450,000

$75

$135

$206

$255

$6.25

$11.25

$17.17

$21.25

** Average taxable home value less homestead exemption.

Boerne ISD continues to have one of the lowest tax rates in the immediate area and a lower tax rate than many similar fast growth districts.

District (2014 Tax Rate)

 

Liberty Hill ISD

Hays Consolidated

Dripping Springs

Schertz-Cibolo-UC

Bastrop

North East ISD

Lockhart

Lake Travis ISD

Comal

Northside ISD

New Braunfels ISD

Seguin ISD

Boerne ISD

Alamo Heights

 

Average I&S Tax Rate

M&O

 

$1.04

$1.04

$1.04

$1.04

$1.04

$1.04

$1.04

$1.04

$1.04

$1.04

$1.01

$1.04

$1.04

$1.06

 

$1.04

I&S

 

$0.50

$0.50

$0.48

$0.45

$0.40

$0.40

$0.39

$0.37

$0.35

$0.34

$0.33

$0.28

$0.25

$0.15

 

$0.37

Total Tax Rate

 

$1.54

$1.54

$1.52

$1.49

$1.44

$1.44

$1.43

$1.41

$1.39

$1.38

$1.34

$1.32

$1.29

$1.21

 

$1.41

Since 2006, the district has reduced the I&S tax rate by 3.6 cents.
Take a look at the district’s tax rate history:

Bond Questions

frequently asked questions

1. What is a bond?

A bond is similar to a home mortgage. It is a contract to repay borrowed money with interest over time. Bonds are sold by a school district to competing lenders to raise funds to pay for the costs of construction, renovations and equipment. Most school districts in Texas utilize bonds to finance renovations and new facilities.

 

2. How can bond funds be used?

Bond funds can be used to pay for new buildings, additions and renovations to existing facilities, land acquisition, technology infrastructure and equipment for new or existing buildings. Bonds cannot be used for salaries or operating costs such as utility bills, supplies, building maintenance, fuel and insurance.

 

3. What is a bond election?

School districts are required by state law to ask voters for permission to sell bonds to investors in order to raise the capital dollars required for projects such as renovation to existing buildings or building a new school. Essentially, the voters are giving permission for the District to take out a loan and pay that loan back over an extended period of time, much like a family takes out a mortgage loan for their home. A school board calls a bond election so voters can decide whether or not they want to pay for proposed facility projects.

 

4. Exactly how much is the proposed bond package?

The Board of Trustees called a bond election in the amount of $175 million to be brought before voters on May 7, 2016.

 

5. How was the bond package developed?

A Long Range Facilities Planning Committee was established to review and prioritize district needs, equipment and educational programs. The Committee represented a broad cross section of the community, including parents, business leaders, teachers, district administrators, civic leaders and students.

 

The committee met five times from October 2015 through January 2016 for intense information review. Upon completion of the Committee’s analysis, a recommendation was presented to the Board of Trustees on January 19, 2016.

 

6. How will the proposed bond election affect my taxes?

If voters approve the bond election, the estimated tax impact of this bond is anticipated to be  6 cents for a total tax rate of $1.35. For the average taxable home value of $347,202, this represents an increase of approximately $17.17 per month.

 

7. How do I calculate my personal tax impact for the bond package?

To calculate your personal tax impact from the bond package, divide the taxable value of your property (less homestead exemptions) by 100. Then, multiply that number by .06 for the annual impact of the total bond proposal. You can also use the tax calculator on the Tax Information page to calculate your personal tax impact.

 

8. What if I am over 65 years old? Will my taxes go up if the bond is successful?

No. If you have applied for and received the Age 65 Freeze on your homestead, by law, your school taxes cannot be raised above their frozen level.

 

9. What if I am over 65 years old and receive the “Senior Citizen Exemption” and my home value goes up, will my
taxes increase?

The appraised value can change and the tax rate will change, but the amount of school taxes on your homestead cannot increase. Normal repairs, maintenance and the economic impact of the market cannot increase the amount of taxes you will pay once a tax ceiling is in place on that homestead. Therefore, if this bond election is successful, it will not have an impact on the tax bill for homesteads that are receiving the senior citizen exemption, unless you make significant improvements to your home.

 

10. Who is eligible to vote in this election?

Any registered voter that resides within the school district boundaries.

 

11. Can I still register to vote in the election?

The deadline for voter registration is April 7, 2016 . If you are not registered to vote by this deadline, then you are not eligible to vote in this election. You can pick up a registration card from the Boerne ISD Administration Building, any campus Administration Office or you can register online at http://sos.state.tx.us/elections/voter/reqvr.shtml.

 

12. After I have registered, when will I receive my Voter Registration Certificate?

You should receive a Voter Registration Certificate within 30 days. On Election Day, please bring your certificate to your local polling place if you have it. However, all that is required is a valid driver’s license.

 

13. When was the last bond election for Boerne ISD?

Boerne ISD voters approved a $99.5 million bond proposition on May 11, 2013. Funds from the bond were used for a broad range of improvements district-wide.

 

14. Was the repurposing of the old Fabra Elementary to serve as the Administration Building included in the 2013 bond proposition?

Yes, the 2013 bond initially included approximately $3.4 million designated for renovation of the old elementary school to serve as an administration building.  However, when a proposed real estate swap with the City of Boerne did not go through because of newly discovered and potentially costly environmental impact restrictions on the city property, the district had to redirect most of the funds to purchase the 19-acre tract of land on Johns Road for the new Fabra campus.

 

At the same time, construction costs spiked well beyond customary contingency budgeting, again forcing the district to make a decision on the use of available funds.  The district opted against scaling back the new Fabra project, choosing instead to absorb the higher costs and build the 850-capacity school as originally designed to meet the needs of our students.  Again, funds originally earmarked for the renovation were redirected.

 

In subsequent review of the plans to renovate the old campus, the district determined it must budget $9.1 million in order to accommodate an expanding alternative campus for deserving students, to establish a dedicated professional development center for district teachers, to properly equip and secure a technology data center, and to renovate space to house a district administrative team for decades to come. Approximately $500,000 from the 2013 bond originally earmarked for the old Fabra repurpose is being used to cover the cost of design and civil work on the project.

 

In this process, the district retains the current administration building and adjacent real estate fronting Main Street – property included in the original land swap proposal – which at a point the future may be sold to provide funds for future school sites or other district priorities.

 

15. Is it true that if this bond does not pass boundaries will be changed and children from FORES will be bussed to Fabra and Curington?

Obviously, whatever the outcome of the May 7 election, student enrollment in Boerne ISD is going to continue to climb.  In response to growth, the citizen-led planning committee and the elected officials of the Board of Trustees put forward their recommendation in the form of a bond package for voters’ consideration and that is the current focus of the district.  It would be premature to speculate on other scenarios at this time.

 

16. With the construction of the new schools, will we be re-zoned?

Work on attendance rezoning will commence soon; no decisions have been made at this time.  The district’s goal is to go through the rezoning process in a thorough and informed manner, giving parents ample advance notification of any necessary adjustments.

 

The district is committed to communicating openly and frequently with our families on the rezoning process.

©2016 Boerne ISD