Trustees Call Bond Election For May 7 2/16/16
At their February 15 meeting, RISD trustees voted unanimously to call a $437.1 million bond election for May 7.
"Families are continuing to choose our community to educate their children," said Superintendent Dr. Kay Waggoner. "From the beginning of our bond planning process a year ago, we have been focused on what we believe is best for our students, and I am very comfortable that this bond package reflects that focus."
"Tonight we are asking the RISD community to continue their investment in our students to provide the tools, technology and facilities they need in order to help prepare them to be successful in their global world," said Board President Kim Caston.
The single proposition bond package is broken down into three main categories:
- Maintenance of existing infrastructure, technology and equipment - $215.71 million
- Construction, capacity and renovation - $107.27 million
- Enrichments - $114.1 million
If approved by voters, the bond package would increase the debt service tax rate by an amount not to exceed 8 cents, which equates to a property tax increase of approximately $138.95 a year ($11.58 a month) for an average residential home in RISD valued at $220,758.
Because it is among the few districts to still offer taxpayers a local optional homestead exemption, RISD currently has the third lowest tax levy among the 28 school districts in Dallas and Collin counties for residential homeowners. If the bond package were approved, RISD's tax levy would remain the third lowest for residential homeowners.
RISD will hold community informational meetings in each high school feeder pattern in March & April.