SAM RAYBURN INDEPENDENT SCHOOL DISTRICT B OND E LECTION I NFORMATION 9363 East FM 273 Ivanhoe, Tx (903)
The Board of Trustees of the Sam Rayburn Independent School District voted unanimously to call for a bond election to be held on May 11, 2013, allowing voters to decide on a Facilities Improvement Plan for the District. SAM RAYBURN ISD B OND E LECTION I NFORMATION
The Board called the election in the amount of $6,000,000 for facility improvements and additions. The bond funds can be sold for 10 years. The amount of taxes will be based on the actual amount of bonds sold. If not all bonds are sold the first year than the taxes will only reflect the sold amount. SAM RAYBURN ISD B OND E LECTION I NFORMATION
SAM RAYBURN ISD B OND E LECTION I NFORMATION Historical High Since January 2001=6.01% on October 15 th 2008 Average Since January 2001=4.56% Historical Low Since January 2001 =3.27% on December 7 th 2012
Early Voting: April 29 th – May 3 rd (Monday – Friday) 8:00 A.M. – 5:00 P.M. May 6 th – May 7 th (Monday & Tuesday) 7:00 A.M. – 7:00 P.M. LOCATION: Fannin County Courthouse 101 E. Sam Rayburn Drive Bonham, Texas SAM RAYBURN ISD B OND E LECTION I NFORMATION
Approximately 50% of the District’s outstanding bond payments are paid for by the State. If approved by the voters, approximately 50% of the bond payments on the new bonds would be paid for by the State beginning in The tax rate increase for the proposed bond is estimated to be 23.4¢ if all $6,000,000 has been sold. SAM RAYBURN ISD B OND E LECTION I NFORMATION
There will be no tax increase above the frozen level on the homestead of a disabled person or taxpayers 65 years of age and older who have applied for and received the age 65 freeze. SAM RAYBURN ISD B OND E LECTION I NFORMATION
WHAT ARE THE PROPOSED PROJECTS? Cafeteria Renovation Elementary Classroom/Science Lab Additions Agriculture and Vocational Building High School Classroom/Science Lab Additions High School Office Relocation to Front of High School Elementary Entrance Remodel Junior High Science Lab Renovation Elementary Playground Equipment 8 Lane Track and Field Facility Tennis Courts/Walking Track Enclosed Batting Practice Facility Concrete Parking Lot Extension Classroom Furniture and Equipment for Additions
Bond Expenditure Estimates Cafeteria Improvements*$200,000 (Renovation) Ag/Vocational Classrooms *$675,000 (add $ if using brick or stone) Elementary Classrooms *$490,000 (includes a science lab) High School Classrooms*$550,000 (includes a science lab) High School Office Relocation*$280,000 Construction Contingency Allowance $50,000 Design Fees $150,000 (architectural, engineering, geotechnical) Concrete Parking Lot $300,000 8 Lane Track & Field Facility $800,000 Lighted Tennis Courts (2)$150,000 (walking track outside courts) * $20,000 Enclosed Batting Facility $ Update Existing JH Science Lab $20,000 Elementary Playground Equipment * $40,000 Remodel/Renovate Elementary Entrance $75,000 *Costs may/will increase depending upon construction materials used Note: The above figures do not include loose equipment and furnishings (Student and teacher desks, lockers, welders, shop and ventilation equipment) Total: *$3,850,000
Proposed Elementary Additions *New classrooms/science lab
High School Proposed Additions *Three classrooms and one science lab
Proposed Ag/Vocational Additions
Proposed High School Office Relocation *New front office area
Parking Lot Addition
We are hopeful the state will restore partial funding during this legislative session. SAM RAYBURN ISD B OND E LECTION I NFORMATION
Proposed Track Location
HOME VALUE HOME VALUE WITH EXEMPTIONS MONTHLY TAX INCREASE $ 50,000$ 35,000$ 6.83 $ 75,000$ 60,000$11.70 $100,000$ 85,000$16.58 $125,000$110,000$21.45 $150,000$135,000$26.33 $175,000$160,000$31.20 $200,000$185,000$36.08 $225,000$210,000$40.95 $250,000$235,000$45.83 WHAT IS THE EXPECTED TAX IMPACT TO THE HOME OWNER? No Tax Increase above the frozen level on the homestead of a disabled person or taxpayer 65 years of age and older who have applied and received the Tax Freeze.
YEARTOTAL TAX RATE 2006/07$ /08$ /09$ /10$ /11$ /12$ /13$ /14 $ 1.44* WHAT ARE THE SRISD HISTORICAL TAX RATES? The tax rate impact of the proposed bonds is estimated to be 23.4¢. The table above shows the estimated new total tax rate of $1.44.
SCHOOL DISTRICT TOTAL TAX RATE Blue Ridge ISD$1.62 Bland ISD$1.52 Celeste ISD$1.51 Trenton ISD$1.46 Honey Grove ISD$1.41 Wolfe City ISD$1.30 Cumby ISD$1.29 Sam Rayburn ISD $1.21** Bonham ISD$1.20 Dodd City ISD$1.12 HOW DOES THE SRISD TAX RATE COMPARE? ** Current tax rate
SCHOOL DISTRICT TOTAL TAX RATE Blue Ridge ISD$1.62 Bland ISD$1.52 Celeste ISD$1.51 Trenton ISD$1.46 Sam Rayburn ISD $1.44** Honey Grove ISD$1.41 Wolfe City ISD$1.30 Cumby ISD$1.29 Bonham ISD$1.20 Dodd City$1.12 HOW DOES THE SRISD TAX RATE COMPARE? *Proposed tax rate
$368, *$94,758 Total$463,534 SAM RAYBURN ISD B OND E LECTION I NFORMATION Lost Revenue Due To State Funding Reduction * Projected amount
Enrollment Since 2007 Fall Peims Data from TEA Fall2007 (NO PK) (WITH PK) APRIL (CURRENT NU.) ATTENDANCE RISE SINCE % Rise from 2007 to Fall 2012 from Piems Data Rise in actual number of students %
Early Voting: April 29 th – May 3 rd (Monday – Friday) 8:00 A.M. – 5:00 P.M. May 6 th – May 7 th (Monday & Tuesday) 7:00 A.M. – 7:00 P.M. LOCATION: Fannin County Courthouse 101 E. Sam Rayburn Drive Bonham, Texas SAM RAYBURN ISD B OND E LECTION I NFORMATION
Election Day: May 11, :00 A.M. to 7:00 P.M. Locations: Sam Rayburn ISD (School Library) 9363 East FM 273 Ivanhoe, Texas Precincts 5 and 12 Fannin County Courthouse 101 E. Sam Rayburn Drive Bonham, Texas Precincts 1, 4 and 18 SAM RAYBURN ISD B OND E LECTION I NFORMATION
HAVE A QUESTION? Contact: Sam Rayburn ISD Administration