Tonight: Cy-Fair ISD to decide on possible $1.76 billion May bond election
Tonight, the Cy-Fair ISD school board will decide whether to call a May 4 bond election for a $1.76 bond, which if passed would become the second-largest school district bond in state history behind Houston ISD’s $1.89 billion bond in 2012, according to Texas Bond Review Board data.
The CFISD school board previously received a presentation from their Long-Range Planning Committee on possible plans and improvements needed for the district up into 2025. The LRPC consists of staff, students and community members who decided on recommendations for the district based on research from the district and third-party sources.
Improvements recommended include a new middle school, a new elementary school, additional lockdown buttons, a new instructional support center and a new performing arts center by 2025. All projects were considered by the LRPC over the past few months.
“It is important to note the committee reviewed over $2.6 billion of true needs to the district, which was reduced over $900,000 to arrive at this recommended amount,” said Julie Hinaman, LRPC community co-chair. “Our committee truly believes that these are real needs in order to effectively address the safety and security of our students, the protection of our existing facilities, necessary improvement to technology and the continued growth of the Cypress area.”
The financial impact of the bond is expected to have little to no effect on tax rates, following the trend of the 2014 bond, said Stuart Snow, chief financial officer for CFISD.
“In 2014 we projected that tax rate to be 41 cents but, again, the board (adopted a) tax rate (of) 40 cents,” Snow said. “It remained constant for the next five years in a row. Rather than increasing the tax rate over time to support the 2014 bond election, our tax rate is five-and-a-half cents less than we projected it to be in 2014.”
If the board approves the bond election, the LRPC will educate the surrounding community on the impact and need for the bond.