Education
BY BROOKE SJOBERG
RRISD trustees call nearly $1B bond
The impact
The district’s debt service tax rate will not need to increase to fund the bond, Superintendent Hafedh Azaiez said. He said the district could borrow up to $1 billion for bond projects and still lower the 2024-25 tax rate by one cent. The district will ratify its tax rate in September. Tax rate impact of 2024 bond proposal Average taxable home value in RRISD $383,201 Proposed tax rate per $100 of valuation Taxes due to district annually $0.8949 (maximum rate) $3,429 $0.8849 (should bond pass) $3,390
and upgrades to fine arts and athletics facilities in the district. Trustees, district staff and the RRISD’s Citizens Bond Committee, chaired by Fabian Cuero and Lindsey Ledyard, narrowed an original $1 billion-$1.5 billion proposal to just under $1 billion in projects to address several areas of needed maintenance to capital assets within the district.
Four propositions asking Round Rock ISD voters to approve just under $1 billion will appear on the Nov. 5 ballot, after trustees voted to order a bond election Aug. 15. Trustees voted 5-2 to call the election, asking voters to approve up to about $998.14 million to fund capital improvements in the areas of safety and security; deferred maintenance of existing buildings; technology replacements;
The breakdown The majority of the bond package is focused on campus-level maintenance, per the district.
Proposition A: $798.31M General facility improvements
Proposition B: $125.3M Technology upgrades Proposition C: $8.62M Fine arts enhancements Proposition D: $65.91M Athletics projects
Total: $998.14M
SOURCE: ROUND ROCK ISD/ COMMUNITY IMPACT
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CEDAR PARK - FAR NORTHWEST AUSTIN EDITION
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