Registered voters in the Cypress-Fairbanks Independent School District (CFISD) are being asked to consider a bond referendum in two propositions totaling $713.2 million in an election scheduled for December 11, 2004. Proceeds of the referendum would be used by CFISD to build new facilities, purchase school sites and buses, make improvements to aging facilities, as well as fund replacement and improved-access to instructional technology based on a projected enrollment of 95,300 students.
The CFISD Board of Trustees voted to call the election during a special-called meeting held October 7. The Board’s decision comes subsequent to an extensive six-week study conducted by a 53-member steering committee comprised of community members, parents, business representatives and district employees that began meeting in mid-August.
Based on the trustees’ call to order, the election will ask voters to consider two propositions, the first of which totals $659.1 million earmarked for building seven elementary schools, two middle schools and two high schools; purchasing 18 sites for school construction; purchasing 194 school buses; funding renovation and improvement projects at more than 50 district facilities; And providing funds for instructional technology needs through 2009-2010.
A second proposition, in the amount of $54.1 million, would fund curricular and program enhancements that include the construction of multi-purpose rooms and increased capacity of music facilities at each of the district’s comprehensive high schools and the installation of air-conditioning for elementary school networking data equipment rooms. Together, the two propositions would provide the district with $713.2 million to address needs spurred by tremendous student enrollment gains.
Conservative estimates indicate that passage of proposition 1 alone would have a maximum impact on the Interest and Sinking Tax rate of $0.02. For a $100,000 home, such an increase equates to $13 annually. Passage of both propositions would have a maximum tax impact of $0.03, or an increase of $19.50 annually for a $100,000 home.
Still, the district has successfully financed bonds from elections in 1998 and 2001 totaling $735.1 million with no tax increase. The district’s conservative estimates at the time of those referendums projected possible tax increases of $0.10 and $0.02, respectively.
Additional information pertaining to the December 11 Bond Election will be presented in the coming weeks. For updates, visit the district’s Web site at www.cfisd.net or stay tuned to CF-TV on Time Warner Cable channel 16.
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