WHITE OAK ISD BOND ELECTION MAY 6, 2017 WWW.WHITEOAKISDBOND.COM - PowerPoint PPT Presentation

WHITE OAK ISD BOND ELECTION MAY 6, 2017 WWW.WHITEOAKISDBOND.COM

The White Oak ISD Board of Trustees unanimously voted to call a $19,005,000 bond election for May 6, 2017.

WHAT IS A BOND ELECTION? • Gives a community the opportunity to vote on paying for the construction and renovation of public school facilities • School districts borrow money in the form of bonds to finance design, construction, expansion and renovation of facilities, similar to homeowners borrowing money in the form of a mortgage to finance a home • Bond proceeds can be used for: – Capital improvements like the construction of new schools and improvements to existing district facilities, new land purchases, technology and equipment – But not teachers salaries or regular operating budget items

THE PLANNING PROCESS Staff Interviews Selection of an District-wide Financial Formation of and Internal Architect & Facility Information Analysis the FPC Consultants Assessment Gathering FPC Board of FPC Makes FPC Meets and Community Deliberation & Trustees Call Recommendation Studies Needs Survey to School Board Prioritization Election

FACILITIES PLANNING COMMITTEE COMMUNITY Parents The FPC studied: • Grandparents District-wide facility assessment • • Teachers District financial information • • Business Owners Possible projects at each campus • • Civic Leaders Community survey results • •

WHY IS A BOND ELECTION NEEDED? • State funds are not provided to school districts for construction of new facilities or improvements. • 89% of our regular, or Maintenance and Operations (M&O) budget, is made up of “fixed cost” (salaries, insurance, utilities, etc). The remainder of the budget pays for travel, supplies and materials, professional development, and nominal capital expenditures.

TAX INFORMATION

SCHOOL BUDGET GENERAL OPERATING FUND DEBT SERVICES FUND Maintenance and Interest and Sinking (I&S) Operations (M&O) Principal and interest • Salaries payments on debt issued for • Utilities • New construction M&O I&S • Supplies • Renovations • Day-to-day • HVAC operations • Roofing Bond elections affect the I&S portion of a school district’s tax rate.

WHITE OAK ISD CURRENT TAX RATE M&O I&S TOTAL $1.17 $0.0775 $1.2475

TAX IMPACT If approved the estimated maximum impact of the total bond proposal is anticipated to be 37.8 cents for a total tax rate of $1.6255. Current Proposed Tax Rate Tax Rate +$31.50 M&O $1.17 $1.17 Per Month Taxable Home Value I&S $0.0775 $0.4555 *$100,000 Total $1.2475 $1.6255 *Includes homestead exemptions

HOMEOWNERS AGE 65+ • Persons who have the over-65 exemption do not pay more school district taxes – even if the school district raises its tax rate or if the appraised value of their home increases. • Residents age 65 or older that have received an “over-65 homestead exemption” have a tax ceiling on the amount of school taxes paid. • The tax ceiling is the amount of school taxes paid in the year the taxpayer qualifies for the over-65 exemption. • If a couple owns a home together and only one is 65 or older, they both qualify for the over-65 exemption. Taxes for those 65 and older can only go up if substantial home improvements are made on the home.

BOND PROPOSAL

DISTRICT-WIDE IMPROVEMENTS Roofing Replacement Air Handler Replacements (All Campuses) (Primary & Intermediate and Middle School) Existing roofs at every campus have exceeded The existing air handler units at these campuses are their life expectancy. Replacing them instead of over 30 years old and have exceeded their life continuing to repair them will save the district expectancy. Fifteen units at the Primary & money for other operations. Intermediate campus and seven units at the middle school would be replaced. Window Replacements Refunding of Existing Debt (Primary & Intermediate) (District-Wide) The exterior windows at this campus are from White Oak ISD recently made several energy efficient the original build in 1982. The window frames improvements. Transferring the district wide energy are rusting and in poor condition, allowing savings project debt to the I&S side of the budget water to leak into the classrooms each time it would allow the district to relieve $180,000–$190,000 rains. per year of the Maintenance and Operations Budget, which could be used for teacher compensation, expanded learning opportunities and additional funding in the classrooms.

ACADEMIC & ATHLETIC IMPROVEMENTS Science Lab Renovation Science Lab Addition (Middle School) (High School) Current middle school science labs are The existing high school science labs are also undersized and do not meet recommended undersized and do not meet recommended TEA Texas Education Agency (TEA) guidelines. guidelines. Building an addition will allow for The renovation will allow for larger spaces to existing science lab space to be transitioned and accommodate both the science lab and repurposed into additional classrooms for other classroom setting. programs. Elevator Addition New Field House (Middle School) (High School) Along with the science lab renovation, an The existing field house was originally built in 1968, and has exceeded its life expectancy. elevator will be added near the science wing Renovating this facility to be in compliant with to allow for handicap accessibility and current jurisdictional code, resolve flooding compliance with the Americans with Disability issues and improve the safety would cost 95% Act. of the amount to build brand new.

MAY 2017 BOND PROPOSAL Project Amount Roofing replacement at all campuses $5,942,350 Water intrusion repair (Repair of windows at Pri/Int campus) $660,000 Air handler replacements at Pri/Int and Middle School campus $308,000 Transfer of M&O debt used for previous HVAC projects $2,400,000 Middle School science lab renovations and elevator addition $1,056,650 New Field House $2,984,000 High School science lab addition and repurposing of existing science labs $5,654,000 TOTAL $19,005,000

Long Range Plan Future Projects $1.6 million transfer of M&O debt used for previous HVAC projects Centralized entrance at the Primary/Intermediate campus Repurposing the existing middle school band hall to become space for the special education program Renovating the existing shop to become the middle school band hall Renovating the high school band hall Renovating the remaining high school classrooms (that weren’t included in the Phase 1 HS science classroom renovations) Renovating and creating additional space for Career Tech programs New Agriculture Facility

VOTING INFORMATION

VOTING INFORMATION • You must be a registered voter that resides within White Oak ISD boundaries in order to be eligible to vote in this election. • The last day to register to vote is Thursday, April 6. • Registered voters are now required to present an approved form of photo ID when voting in person.

VOTING INFORMATION EARLY VOTING ELECTION DAY Monday, April 24 – Tuesday, April 25 12:00 pm – 8:00 pm Saturday, May 6 White Oak ISD Auditorium 200 S. White Oak Road | White Oak, TX 7:00 am – 7:00 pm Wednesday, April 26 – Friday, April 28 Community Center Monday, May 1 – Tuesday, May 2 200 S. White Oak Road 7:30 am – 4:00 pm White Oak, TX White Oak ISD Administration Building 200 S. White Oak Road | White Oak, TX

QUESTIONS? WWW.WHITEOAKISDBOND.COM