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CSISD Calls for November Bond Election

By: College Station ISD Press Release
By: College Station ISD Press Release
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College Station Independent School District Board Members met Tuesday night.

Members adopted a 2013 budget, lowered the tax rate for the new school year and called for November bond election.

Tuesday night the board unanimously approved a bond election for November 5, 2013, for an amount of $83.5 million.

If passed by the voters, the bond sale will have a property tax impact of $.05 to $.08 per $100 of evaluation for the 2014-15 fiscal year.

A panel of community members and district personnel met in the spring of 2013 to identify capital needs in CSISD.

The following projects were in highest priority:
School Safety Upgrades - Projected cost: $3.9 million

Center for Alternative Learning - Projected cost: $15.5 million

Elementary No. 9 - Projected cost: 20 million

Technology - Projected cost: $6.1 million

Buses and Vehicles - Projected cost: $3 million

Deferred Maintenance - Projected cost: $12 million

AMCHS Renovations - $3.5 million

Land Acquisition - Projected cost: $5.5 million

Purchasing and Warehouse Center - $7.5 million

Renovating Current Purchasing and Warehouse - Projected cost: $6.5 million

The board also adopted an operating budget for the 2013-2014 fiscal year of $85,087,982. Projected revenue for the 2013-14 school year is $81,194,474, for a total planned budget deficit of $3,893,508.

The deficit will be made up by using the district’s fund balance (savings account). The district is projected to have a remaining fund balance of $27,620,372 at the end of the 2013-14 school year.

The 83rd Texas Legislature increased some of the funding that was slashed in the 82nd legislative session. However, CSISD recovered slightly less than 20% of the funding it lost. In fact, CSISD would receive $5.8 million more in state funding for the 2013-14 fiscal year if the funding structure for the 2010-11 fiscal year were still in place.

The total tax rate for College Station ISD for the 2013-2014 fiscal year will be $0.015 less than in 2012-13. The Interest and Sinking (I&S) rate will drop from $0.295 to $0.28 per $100 of valuation. This reduction in rate is due to an approximate five percent increase in taxable values as well as the district paying down some of it’s I&S debt.

The maintenance and operations rate will remain at $1.04 per $100 of evaluation, for a total rate of $1.32.


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