Lewisville - Coppell Edition | October 2023

From the cover

New bond, tax rate vote could help revitalize LISD

Current situation

Two-minute impact

The VATRE was triggered when the Lewisville ISD board adopted a tax rate greater than the calculated rate set by state law during the most recent legislative session. The revenue generated from the VATRE would be used to sustain competitive pay for sta, per district ocials, as well as maintain extracurric- ular opportunities and programs of choice, such as career and technical education classes, or CTE; science, technology, engineering and mathematics

instruction; world languages; leadership classes; ne arts; and athletics. The shortfall the district faces if the VATRE does not pass will aect teacher compensation and facility upgrades, among other district needs, ocials said. “The district has already undertaken cost-cut- ting measures to help close the decit as it asks voters to consider additional funding through the VATRE,” Rapp said.

The majority of the 2017 bond projects— about $737 million worth of projects—have been completed, Rapp said, and the funds from the upcoming bond will be put to use immediately if approved by voters. The propositions are: • The VATRE, listed as Proposition A, will provide funds for staff pay, student instruction and programs. • Proposition B funds maintenance and updates to campuses and facilities. • Proposition C funds instructional technology equipment. • Proposition D funds maintenance, repairs and renovations at athletics facilities. • Proposition E funds updates at the district’s aquatic centers. • Proposition F funds updates to stadiums at the district’s ive high schools. • Proposition G funds indoor multipurpose facilities.

Tax rate (per $100 valuation)

$1.2368 (current)

$1.1301 (if passed)

$1.5

$1.25

$0 $1

2015-16 2016-17 2017-18 2018-19 2019-20 Fiscal year

2020-21 2021-22 2022-23 2023-24

SOURCE: LEWISVILLE ISDCOMMUNITY IMPACT

Proposition E: $16.2M

Proposition F: $19.9M

The impact

“As board members, we aim to act in the best interests of the district and be stewards of taxpayer dollars. This proposal does both.” JENNY PROZNIK, LISD BOARD MEMBER

Proposition D: $31.3M

Proposition C: $69.6M

Over 88% of the propositions are dedicated to maintaining the facilities and technology over the district’s 127 square miles, LISD board President Jenny Proznik said in an email. For instance, Proposition B, which would provide the largest amount of funds, would help the district acquire additional security equipment and school buses.

Proposition G: $131.8M

Proposition B: $960.5M

NOTE: PROP A IS THE VATRE

SOURCE: LEWISVILLE ISDCOMMUNITY IMPACT

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