The Salado ISD Board of Trustees voted unanimously to call a $49.4 - PowerPoint PPT Presentation

The Salado ISD Board of Trustees voted unanimously to call a $49.4 million bond election for May 5, 2018.

WHAT IS A BOND ELECTION? • Provide communities an opportunity to vote to give the Board of Trustees authority to sell bonds to pay for items such as school construction, capital projects, technology, and land acquisition. • By law, bonds are not allowed to be used for general operation budgets or salaries.

BACKGROUND ON PROCESS

THE PLANNING PROCESS Long-Range I nternal Planning Strategic Planning Planning & I nput Committee Committee Tasked with Leadership, setting a direction 58 Community and Department & for the district Staff Members Campus Staff focused in 4 main Interviews areas Met over 5 months to study Internal Needs Goal 4: SISD will and prioritize Assessment provide quality facility needs for facilities for the second phase Financial Analysis students and staff of the district’s long-range plan .

COMMITTEE PROCESS 58 committee members met 6 times over the past 5 months and engaged in discussion around the following topics:  Existing Facility  SISD Financial Info Conditions Assessment  Tax Impact Scenarios  Enrollment Projections  Project Cost Analysis  Capacity Analysis  2 Community Surveys  Facility Tours

COMMITTEE MEMBERSHIP Broad cross-section of the Salado community: • Stacey Alcozer • Lacey Gunter • Cindy Mewhinney • Laura Tomlin • Gail Allard • Cassie Harvey • Eldon Miller • Jason Torczynski • Bobbie Ann Adair White • Troy Heath • Harry Miller • Teresa Voelter • Beth Aycock • Savannah Hennig • Jackie Mills • Kathi Walrath • Courtnie Bagley • Lourdes Hilfman • Katie Mullins • Bobby Whitson • Paul Baird • Ryan Hodge • Paula Myers • Niki Howton • Samuel Ortiz • Non-Voting Members: • Allison Bragg • David Preston • Dan Agee • Travis Burleson • Susan Humiston • Dr. Kim Bird • Lyndal Cabaniss • Andy Jackson • Dr. Ken Quirk • Earl Bragg • Frank Coachman • Kristi Jarvis • Marvin Rainwater • Curtis Crenwelge • Joe Keyes • Allen Sandor • Dr. Michael Novotny • George Dentry • Theresa Kunz • Chris Seaton • Nate Self • Marcus Edwards • Kristi Maedgen • Jim Sewell • Burt Smith • Jon Franz • Sara Matthews • Ross Sproul • Troy Smith • Bruce Gordon • Amy McLane • Dave Swarthout

SISD Growth Projected Growth Templeton Demographics – By 2020-2021, all four campuses will be over capacity. – Salado ISD is expected to add 444 students in the next five years, for a fall 2021 enrollment of 2,198. – Salado ISD is expected to add 962 students in the next ten years, for a fall 2026 enrollment of 2,716.

GROWTH PROJECTIONS: TEN YEAR FORECAST Year Total (OCT) EE PK K 1st 2nd 3rd 4th 5th 6th 7th 8th 9th 10th 11th 12th Total Growth Total % 2012/13 1 25 73 111 93 91 100 102 98 101 103 121 101 122 108 1,350 2013/14 7 35 85 87 123 104 99 116 111 110 116 127 129 109 113 1,471 121 9.0% 2014/15 1 60 99 104 102 122 114 108 137 123 109 126 129 129 98 1,561 90 6.1% 2015/16 1 58 125 112 110 114 136 117 117 150 132 127 126 127 112 1,664 103 6.6% 2016/17 1 62 105 142 127 118 122 152 135 124 149 146 126 124 121 1,754 90 5.4% 2017/18 1 62 115 120 159 135 127 132 166 147 128 166 145 124 113 1,840 86 4.9% 2018/19 1 62 131 131 133 169 146 136 146 180 151 144 166 142 112 1,950 110 6.0% 2019/20 1 62 105 151 147 142 180 159 148 157 183 168 143 163 131 2,040 90 4.6% 2020/21 1 62 116 120 169 156 151 193 172 160 161 205 167 140 149 2,122 82 4.0% 2021/22 1 62 131 133 134 179 165 162 205 186 164 180 204 164 128 2,198 76 3.6% 2022/23 1 62 144 150 149 142 190 178 174 216 190 183 179 200 150 2,308 110 5.0% 2023/24 1 62 137 173 168 159 151 204 191 187 222 213 182 176 183 2,409 101 4.4% 2024/25 1 62 147 159 193 178 169 162 218 203 192 249 212 179 161 2,485 76 3.2% 2025/26 1 62 162 165 178 205 189 181 174 232 208 215 248 208 164 2,592 107 4.3% 2026/27 1 62 178 185 184 190 218 201 194 185 238 233 214 243 190 2,716 124 4.8% *Yellow box = largest grade per year *Green box = second largest grade per year

GROWTH PROJECTIONS & CAPACITY IMPACT Facility exceeds program capacity (Capacity does not include use of portables)

TRANSFER STUDENTS As of January 2017, no longer accepting new out As a result: of district transfer – Number lowered from 254 students, with the last year to 237 following exceptions : – 17 less transfer / 117 more resident students – Children of employees – Enrollment projections are – Siblings of current transfer based on resident student students growth only – Children of active duty military or disabled veterans

WHAT’S PROPOSED

The $49.4 million bond proposal, serving as the first step in the district’s long-range facilities plan, addresses: STUDENT AGING SAFETY GROWTH PROGRAMS FACILITIES

SAFETY AND GROWTH Thomas Arnold Elementary: • Enclosed corridor addition connecting the kindergarten / first grade buildings and gymnasium to the main building • All buildings will be tied together under one roof eliminating multiple access points

SAFETY AND GROWTH New Middle School: • Serving grades 6-8, built on district-owned property on Williams Road adjacent to the existing high school. • The school will accommodate 584 initial student capacity with the ability to add classrooms as the district grows. Core spaces will be built to accommodate a full capacity of 684 students. • Grades PK-5 will remain on Thomas Arnold Road and will be distributed amongst the existing facilities, eliminating the use of classroom portables and providing capacity for future growth.

STUDENT PROGRAMS Extracurricular and Athletics: • Improvements to the existing stadium will include new concessions, new restrooms, additional seating and turf field. • New baseball and softball facilities built between the existing high school and the proposed new middle school. • The new facilities will increase safety measures by allowing more students to remain on campus for practices and events, and eliminating travel to Thomas Arnold Road.

TAX OVERVIEW

TAX OVERVIEW School taxes involve two figures: Maintenance & Operations I nterest & Sinking (M&O) (I &S) Daily operations: Used for debt repayment; teacher salaries, electricity, bond elections only fuel, supplies, etc. affect this rate. SI SD M&O SI SD I &S TOTAL TAX RATE TAX RATE TAX RATE $1.04 $0.18 $1.22 per $100 of property value

ESTIMATED TAX IMPACT • The estimated maximum tax Estimated Monthly Home Value impact of this bond is Tax I mpact* * 31.62 cents for a total tax $100,000 $19.76 rate of $1.54. $150,000 $32.94 $200,000 $46.11 *$238,848 $56.35 +$56.32 Per Month $250,000 $59.29 Taxable Home Value *238,848 $300,000 $72.46 * Average Home Value * * Assumes $25,000 homestead exemption.

HOMEOWNERS AGE 65 & OVER Over 65 Homestead Exemption • Under state law, the dollar amount of school taxes imposed on the residence homestead of a person 65 years of age or older cannot be increased above the amount paid in the first year after the person turned 65 unless significant improvements are made to the home • Over 65 Homestead Exemption application must be filed with local appraisal district.

VOTING

Early Voting Monday, April 23 – Tuesday, May 1, 2018 Election Day Saturday, May 5, 2018 Details on times on locations: sisdbond.org/voting-information.html

VOTING INFORMATION • Register to Vote – In order to be eligible to vote in the Salado ISD bond election, individuals must be a registered voter who resides within the school district boundaries. – The final day to register to vote in the May 5 election is April 5, 2018.

QUESTIONS? For more information, visit sisdbond.org