From the cover
$150M GCISD bond to address aging facilities, update technology
Put in perspective
In a nutshell
Sibley said there are three factors that would allow the district to add $150 million in debt without affecting the tax rate. “First, GCISD’s current bond payments decline over time,” he said. Second, Sibley said the district’s tax base is antic- ipated to grow at 6% in each of the next three years and remain constant thereafter, which will generate additional revenue to repay bonds from the same debt service tax rate of $0.1957 per $100 valuation. Finally, Sibley said GCISD officials plan on using approximately $15 million of the existing debt service fund balance to help subsidize the interest and sinking tax rate, also known as debt service, during fiscal years 2024-25 through 2028-29. Maintenance and operations, or M&O, budgets fund daily operating costs and recurring expendi- tures, such as staff salaries, utilities and supplies. Interest and sinking funds can only be used to repay debt for capital projects approved by voters through bond elections.
Chief Operations Officer Paula Barbaroux said some of the items in proposition A include replacing: • Roofs • HVAC equipment • Sewer lines that have corroded or cracked • Buses that are more than 15 years old or have more than 150,000 miles Chief Technology Officer Kyle Berger said Proposition B contains device refreshments— such as laptops—for staff and students as well as technology for teachers, including interactive whiteboards. Berger said the useful life for instructional technology includes five years for laptops; five to nine years for interactive whiteboards, 3D printers and other specialty equipment; and 10 years or more for network infrastructure upgrades. Proposition C would update and replace equipment to address corrosion and other issues at the GCISD swim center. “When you walk in there, you look up at the ceiling and see the gaping holes,” Colleyville resident Jessica Rajian said at a March 6 community bond meeting. “My daughter gets into the car after swimming and it takes until the next morning for the chlorine smell to get out of the car.” Barbaroux said the facility, built in 1994, is used six days a week by several groups, including: • Student athletes from Colleyville Heritage and Grapevine high schools • Youth swim teams • First responders and military groups
• Staff for swim lessons • Residents for lap swim and water aerobics Barbaroux said swim center improvements include adding a chloramine evacuation system to improve indoor air quality, replacing pool-related equipment, replacing HVAC and electrical equipment, replacing retractable bleachers and making ceiling repairs. “Facilities tend to age in place when you have as many students going through our buildings as we do and using things,” Barbaroux said. “Equipment, by its nature, has a useful life.”
PROPOSITION A: $134.24M
$68.49M Facility deficiencies $23.82M Safety & security $20.78M Campus, equipment & program updates
Technology infrastructure $17.58M
Maintenance & operation tax rate
Interest & sinking tax rate
*PROJECTED
Transportation $3.57M
$0.3217
$0.0 $0.3 $0.6 $0.9 $1.2 $1.5 $1.8
$0.2217
$0.1957
PROPOSITION B
$0.1957
Instructional technology $10.23M
PROPOSITION C
Swim center improvements $5.54M
NOTE: PROPOSITION AMOUNTS HAVE BEEN ROUNDED
SOURCE: GRAPEVINE-COLLEYVILLE ISD/COMMUNITY IMPACT
SOURCE: GRAPEVINE-COLLEYVILLE ISD/COMMUNITY IMPACT
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