The Grapevine-Colleyville ISD Board of Trustees called for a $150,000,000 bond election for May 4. This bond will address safety, aging facilities, and infrastructure without raising the tax rate. BOND ELECTION | MAY 4, 2024 GRAPEVINE�COLLEYVILLE ISD The Grapevine-Colleyville ISD Board of Trustees called for a $150,000,000 bond election for May 4. This bond will address safety, aging facilities, and infrastructure without raising the tax rate. ELECTION | MAY 4, 2024 GRAPEVINE�COLLEYVILLE ISD
GCISD CAN SELL $150,000,000 WORTH OF BONDS WITH NO TAX RATE INCREASE. Tax Facts • The GCISD current total tax rate is the lowest it has been in 25 years. • The total tax rate has been reduced by 47.2 cents over the last five years. • Based on Taxable Assessed Values and paying off previous debt early, GCISD can issue the $150 million with no increase to the tax rate. Ballot Language By law, each of the three ballots will include this statement: “THIS IS A PROPERTY TAX INCREASE.” This law was put into place to hold school “THIS IS A PROPERTY TAX INCREASE.” This law was put into place to hold school Ballot Language By law, each of the three ballots will include this statement: districts to the state’s strict financial responsibility standards. GCISD has districts to the state’s strict financial responsibility standards. GCISD has received the highest rating possible by the state for financial transparency and will continue to serve our taxpayers responsibly. No Tax Impact Visit gcisd.net/bond for more information like: Visit gcisd.net/bond for more information like: received the highest rating possible by the state for financial transparency and will continue to serve our taxpayers responsibly. No Tax Impact If the bond is approved by voters, it will not impact the taxes of a homeowner with an Over-65 Exemption. If the bond is approved by voters, it will not impact the taxes of a homeowner with an Over-65 Exemption. GCISD CAN SELL $150,000,000 WORTH OF BONDS WITH NO TAX RATE INCREASE. Tax Facts • The GCISD current total tax rate is the lowest it has been in 25 years. • The total tax rate has been reduced by 47.2 cents over the last five years. • Based on Taxable Assessed Values and paying off previous debt early, GCISD can issue the $150 million with no increase to the tax rate.
What’s Proposed: What’s Proposed:
PROPOSITION A | $134,236,405 Security, Buses, School & Facility Infrastructure Updates • Facility Deficiencies • Technology Infrastructure • Safety & Security • Transportation • Campus, Equipment & Program Updates PROPOSITION A | $134,236,405 Security, Buses, School & Facility Infrastructure Updates • Facility Deficiencies • Technology Infrastructure • Safety & Security • Transportation • Campus, Equipment & Program Updates
PROPOSITION B | $10,225,554 Instructional Technology • Student & Staff Devices PROPOSITION B | $10,225,554 Instructional Technology • Student & Staff Devices
PROPOSITION C | $5,538,041 Swim Center Improvements • Update & Replace Equipment to Address Corrosion PROPOSITION C | $5,538,041 Swim Center Improvements • Update & Replace Equipment to Address Corrosion
EARLY VOTING: APRIL 22-30 ELECTION DAY: SATURDAY, MAY 4 EARLY VOTING: APRIL 22-30 ELECTION DAY: SATURDAY, MAY 4
• Campus-by-campus projects • Community presentations • Campus-by-campus projects • Community presentations
• Tax information • Videos and FAQs • Tax information • Videos and FAQs
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