In a unanimous vote, the CFISD Board of Trustees approved calling a bond election for May 4, 2019, during its regularly scheduled meeting on Feb. 11.
Feb. 11, 2019—The CFISD Board of Trustees unanimously approved calling a bond election for May 4, 2019, during its regularly scheduled meeting on Feb. 11. The $1,762,000,000 bond package, as recommended by a community long-range planning committee, is anticipated to meet the following needs for CFISD through the year 2025: instructional and support facilities; safety and security; transportation; technology; and facilities renovations and additions.
Chaired by community member Julie Hinaman, the long-range planning committee featured broad-based geographic, ethnic and age representation by 50 members located throughout the Cypress-Fairbanks community. The committee met for seven weeks throughout November-January to develop a long-range plan recommendation that:
The long-range planning committee presented a bond package recommendation for the following district needs:
The projected impact on the Interest and Sinking (I&S), or debt service tax rate (currently 40 cents per $100 of property valuation), would result in an incremental change of up to $0.03 over a seven-year period. Using a home valued at $200,000 as an example, this would equate to a maximum annual I&S tax increase of $40.50 by the year 2025. There would be no tax increase for individuals who are 65 years of age or older or who are disabled and who qualify for an over-65 homestead exemption according to Texas Property Tax Code Section 11.26.
A detailed presentation of the long-range planning committee’s recommendation to the Board of Trustees can be found on the district website.
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