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Please watch the following videos produced by our very own GHS Audio and Visual Production students.

November 2013 Bond Tax Information

Estimated Tax Impact

Your public school taxes involve two figures: Maintenance and Operations (M&0), used to pay for salaries, utilities, furniture, supplies, food, gas, etc.; and Interest and Sinking (I&S), used to repay debt. Bond elections affect the Interest and Sinking tax rate.

 

Currently, Granbury ISD’s Interest & Sinking (I&S) tax rate, is $0.105. When combined with the district’s Maintenance & Operations (M&O) tax rate of $1.04, the total tax rate for Granbury ISD is $1.145.

 

If the bond election is approved by voters, the estimated maximum tax impact of this bond is anticipated to be $0.15 for a total tax rate of $1.295.

 

For the average home value of $113,695, this represents an increase of approximately $14.21 per month.

 

The chart below illustrates the estimated monthly tax increase to property owners in GISD.

Impact on Senior Citizens' Property Taxes

Granbury ISD property taxes for citizens age 65 or older or disabled would not be affected by the bond as long as a homestead and Over 65 exemption application has been filed. Under state law, the dollar amount of school taxes imposed on the residence homestead of a person 65 years of age or older may not be increased above the amount paid in the first year after the person turned 65, regardless of changes in tax rate or property value, excluding the value of any new improvements, such as additions or renovations, that increase the value of such homesteads.

 

Contact your local appraisal district with questions on the Over 65 exemption.

Note: Taxes are net of the $15,000 Residential Homestead Exemption.

The District's total tax rate has declined by 52.5 cents over the last seven years. This 31.4 percent decrease is illustrated in the chart below, along with a 52.3 percent decrease in the District’s I&S tax rate for repayment of bonds.

November 2013 Bond FAQs

©2013 Granbury ISD

1. What is a bond?

A bond is similar to a home mortgage. It is a contract to repay borrowed money with a low-cost interest rate over time. Bonds are sold by a school district to competing lenders to raise funds to pay for the costs of construction, renovations and equipment. Most school districts in Texas utilize bonds to finance renovations and new facilities.

2. How can bond funds be used?

Bond funds can be used to pay for new buildings, additions and renovations to existing facilities, land acquisition, technology infrastructure and equipment for new or existing buildings and large-ticket items such as school buses. Bonds cannot be used for salaries or operating costs such as utility bills, supplies, building maintenance, fuel and insurance.

3. What is a bond election?

School districts are required by state law to ask voters for permission to sell bonds to investors in order to raise the capital dollars required to renovate existing buildings or build a new school. Essentially, it’s permission to take out a loan to build and renovate and pay that loan back over an extended period of time, much like a family takes out a mortgage loan for their home.  A school board calls a bond election so voters can decide whether or not they want to pay for proposed facility projects.

4. Exactly how much is the District asking for?

The Board of Trustees called a bond election in the amount of $84.975 million to be brought before voters on November 5, 2013.

5. How was the bond package developed?

The Granbury ISD bond proposals are the result of a year-long district strategic planning process and based on recommendations from a Bond Steering Committee, which represented a cross section of the community, including local citizens, civic and business leaders, parents and school staff. The Committee worked together in July and August to review GISD facility needs, project options and cost, demographic data, financial information and enrollment trends. Upon completion of their analysis, they worked to come to a unanimous recommendation for consideration by the Board of Trustees. In August, the Committee recommended that the school board seek a bond election in November for the proposed bond projects.

 

The Board carefully studied the Committee’s recommendations and officially called a bond election on August 19 to put before voters on the November ballot.

6. What does the proposed bond election address?

The bond package addresses improvements to existing campuses and infrastructure, provides technology for students and teachers, creates facility equity across the district, increases security and provides space for future growth..

7. How is the District’s tax rate configured?

A school district’s tax rate is comprised of two tax rates: the Maintenance & Operations tax (M&O) and the Interest & Sinking tax (I&S). The M&O rate is used to operate the school district, including salaries, utilities, furniture, supplies, food, gas, etc. The I&S rate is used to pay off school construction bonds. Bond sales only affect the I&S rate.

8. How will the proposed bond election affect my taxes?

If the bond election is approved by voters, the estimated maximum tax impact of this bond is anticipated to be 15 cents for a total tax rate of $1.295. For the average home value of $113,695, this represents an increase of approximately $14.21 per month. Please visit the Tax Information page for more information.

9. How do I calculate my personal tax impact for the bond package?

To calculate your personal tax impact from the bond package, divide the taxable value of your property (less homestead exemptions) by 100. Then, multiply that number by .15 for the annual impact of the total bond proposal (both propositions). You can also use the tax calculator on the Tax Information page to calculate your personal tax impact.

10. What if I am over 65 years old? Will my taxes go up if the bond is successful?

No. If you have applied for and received the Age 65 Freeze on your homestead, by law, your school taxes cannot be raised above their frozen level.

11. Who is eligible to vote in this election?

Any registered voter that resides within the school district boundaries.

12. Can I still register to vote in the election?

The deadline for voter registration is October 7. If you are not registered to vote by this deadline, then you are not eligible to vote in this election.

13. After I have registered, when will I receive my Voter Registration Certificate?

You should receive a Voter Registration Certificate within 30 days. On Election Day, please bring your certificate to your local polling place if you have it. However, all that is required is a valid driver’s license.

14. When was Granbury High School originally built and when was it last renovated?

Granbury High School was originally built 40 years ago and last renovated more than 20 years ago, both in a time when classes in today’s curriculum were not yet in existence.

15. How many students are currently enrolled in Career and Technical Education?

In the 2013-14 school year, in grades 9-12, there are 1,350 students taking at least one CTE course. These numbers are expected to grow with new state legislation that encourages more career and technical education by allowing students to graduate with more classes that are relevant to their chosen career paths.

16. How many students are currently enrolled in Fine Arts programs?

In the 2013-14 school year, in grades 9-12, there are 981 students taking at least one Fine Arts course. This includes courses such as band, choir, music theory, theater arts, theater production, tech theater, drill team, art, drawing, painting, sculpture and photography.

17. Why did the district decide to install artificial turf on the high school football field and how much did it cost?

Due to the way the project is being financed through an energy conservation project and the savings built in, the actual out-of-pocket cost of the stadium turf is approximately $415,000. Consequently, the district is not actually paying the full amount of the field turf. This amounts to a 50 percent savings of what a new field would cost .

Less maintenance requirements will save the district in routine maintenance costs and allow the field to be used regularly by a number of students beyond just football and soccer teams. Subvarsity teams will be able to utilize the fields along with the band, drill team, JROTC and other school groups. The field will become an outdoor classroom utilized much more than once or twice a week for competitions.

 

18. How much of this proposed bond is being spent on athletics?

No significant athletic projects are included in this bond initiative. The only way in which athletics will be touched through this bond program would be improvements for aging locker room facilities as part of the full renovation of GHS. Although athletics is regularly questioned when discussing school budgets, GISD spends less than 2 percent of the operating budget in this area.

 

Extracurricular activities – including athletics – and career and technical education programs are big incentives to keep students enrolled in school and for them to complete their high school education. Moreover, many parents, family members and community members regularly come to our schools for sporting and fine arts events.

19. What will happen to the existing 1935 administration building, Decker Gym, and the other buildings that make up the administrative offices?

The District does not have definitive plans for these buildings at this time.  Central administration will continue the current use of these buildings until the beginning of 2017, when the ninth grade students have relocated to GHS and the repurposing of Crossland Ninth Grade Center is complete. Many options are being considered and the Board of Trustees will make a final decision at the appropriate time. For example, the existing 1935 building could be used for a parent center, school museum, or some other historical use.  Decker Gym is currently used by the Boys and Girls Club, and the district has no plans to change that agreement.  The other buildings that make up the administrative complex could be used for storage, leased, or sold to be used for a larger Weatherford College site or some other appropriate use.

20. How will the Crossland name be used if the ninth grade is moved to GHS?

The Crossland name will continue to be prominent in GISD.  Some options are to name the administration building or the new ninth grade wing of the high school after the Crosslands’.  The district will involve the Crossland family in any decision and would be happy to honor their wishes as to where they would prefer their name to be displayed.

21. How much yearly savings will GISD realize by making these improvements to facilities?

Based on today’s dollars, the district believes that it would see a savings of approximately $97,000 per year in utilities at our existing facilities, $14,000 in transportation costs, and about 29 hours of total student time now spent on a bus each year going back and forth between GHS and the ninth grade center.  There would also likely be some minimal savings in staff costs, as it will not be necessary to duplicate every position we currently have.  There will be square footage added to the high school, but by using much more modern and efficient equipment, we believe that we will still see a net savings in yearly maintenance and operation costs.

22. What is CTE?

CTE means Career and Technical Education. CTE provides electives in CTE pathways or courses of study. CTE can be compared to a major in college. A student can “major” in a CTE pathway and earn credits toward industry certification, dual credit, and/or job shadowing opportunities in practicum courses. CTE serves approximately 1350 students in grades 9-12 in 12 of the 16 Career Clusters. CTE’s goal is to provide students an authentic environment in which to explore their future by providing industry experience and partnerships in our community.

 

CTE programs provide a variety of educational experiences and have been compared to vocational courses in previous decades. Today’s CTE classroom provides training in technical and trade-related industries and occupations, as well as providing college and career readiness standards for post-secondary education.

 

CTE seeks to provide College and Career Ready Standards to all students, whether they are seeking post-secondary education colleges/universities, trade/technical schools, or military careers. Many of our career pathways offer industry certifications, which provide students immediate career readiness upon high school graduation.

 

The CTE website provides a detailed outline of all CTE pathways. Please visit the GISD website at: www.granburyisd.org/cte

23. My child is not in career and technical courses.  What is in this proposal for my college-bound student?

The primary goal for GISD and GHS is college readiness. The new space for career and technical courses and fine arts has been emphasized because we are adding additional square footage in those areas. It is important to note, however, that some CTE courses – notably engineering – are for all students. The term “vocational” may lead some to think that these courses are only for students planning to go straight to work or to a technical school, but these CTE courses better prepare students for postsecondary education in a field of study that interests them. Our CTE pathways include Business, Education, Health Science, A/V Technology and Communication, Animal Science, Information Technology, Law and Public Safety and Engineering. All CTE courses challenge and prepare students for both employment and postsecondary education.

 

In addition, every classroom in GHS will be altered in some way.  Classrooms for all core areas, science labs, etc. will be renovated and brought up to date with new equipment to better reflect what we are teaching in 2013 and beyond.  And, the technology piece of our proposal will make major enhancements to technology in every classroom in GISD.  The district is very proud of our college bound students and believe that a large piece of this bond proposal will enhance their classrooms to better prepare them for college.

24. Do I live within the District voting boundaries?

Please see your Voter Registration card or click the thumbnail to the right to view a map to see if you live

within the District voting boundaries.

 

Granbury ISD Voting Boundaryx