Download - SAM RAYBURN INDEPENDENT SCHOOL DISTRICT
SAM RAYBURN
INDEPENDENT SCHOOL DISTRICTBOND ELECTION INFORMATION
9363 East FM 273Ivanhoe, Tx 75447
(903) 664-2255
www.samrayburnisd.com
The Board of Trustees of the Sam Rayburn Independent School District voted unanimously to call for a bond election to be held on May 11, 2013, allowing voters to decide on a Facilities Improvement Plan for the District.
SAM RAYBURN ISD
BOND ELECTION INFORMATION
The Board called the election in the amount of $6,000,000 for facility improvements and additions. The bond funds can be sold for 10 years. The amount of taxes will be based on the actual amount of bonds sold. If not all bonds are sold the first year than the taxes will only reflect the sold amount.
SAM RAYBURN ISD
BOND ELECTION INFORMATION
SAM RAYBURN ISD
BOND ELECTION INFORMATION
Historical High Since January 2001=6 .01% on October 15th 2008
Average Since January 2001=4.56%
Historical Low Since January 2001 =3.27% on December 7th 2012
Early Voting:
April 29th – May 3rd (Monday – Friday)8:00 A.M. – 5:00 P.M.
May 6th – May 7th (Monday & Tuesday)
7:00 A.M. – 7:00 P.M.
LOCATION: Fannin County Courthouse101 E. Sam Rayburn DriveBonham, Texas 75418
SAM RAYBURN ISD
BOND ELECTION INFORMATION
Approximately 50% of the District’s outstanding bond payments are paid for by the State. If approved by the voters, approximately 50% of the bond payments on the new bonds would be paid for by the State beginning in 2015-2016. The tax rate increase for the proposed bond is estimated to be 23.4¢ if all $6,000,000 has been sold.
SAM RAYBURN ISD
BOND ELECTION INFORMATION
There will be no tax increase above the frozen level on the homestead of a disabled person or taxpayers 65 years of age and older who have applied for and received the age 65 freeze.
SAM RAYBURN ISD
BOND ELECTION INFORMATION
WHAT ARE THE PROPOSED PROJECTS?
Cafeteria Renovation Elementary Classroom/Science Lab Additions Agriculture and Vocational Building High School Classroom/Science Lab Additions High School Office Relocation to Front of High School Elementary Entrance Remodel Junior High Science Lab Renovation Elementary Playground Equipment 8 Lane Track and Field Facility Tennis Courts/Walking Track Enclosed Batting Practice Facility Concrete Parking Lot Extension Classroom Furniture and Equipment for Additions
Bond Expenditure EstimatesCafeteria Improvements*$200,000(Renovation)
Ag/Vocational Classrooms *$675,000(add $ if using brick or stone) Elementary Classrooms *$490,000(includes a science lab) High School Classrooms*$550,000(includes a science lab) High School Office Relocation*$280,000 Construction Contingency Allowance $50,000 Design Fees $150,000(architectural, engineering, geotechnical)
Concrete Parking Lot$300,000 8 Lane Track & Field Facility$800,000 Lighted Tennis Courts (2)$150,000(walking track outside courts) *$20,000 Enclosed Batting Facility $50.000 Update Existing JH Science Lab $20,000 Elementary Playground Equipment *$40,000 Remodel/Renovate Elementary Entrance $75,000
*Costs may/will increase depending upon construction materials used
Note: The above figures do not include loose equipment and furnishings(Student and teacher desks, lockers, welders, shop and ventilation
equipment)
Total: *$3,850,000
We are hopeful the state will restore partial funding during this legislative session.
SAM RAYBURN ISD
BOND ELECTION INFORMATION
HOMEVALUE
HOMEVALUE WITH EXEMPTIONS
MONTHLYTAX INCREASE
$ 50,000 $ 35,000 $ 6.83
$ 75,000 $ 60,000 $11.70
$100,000 $ 85,000 $16.58
$125,000 $110,000 $21.45
$150,000 $135,000 $26.33
$175,000 $160,000 $31.20
$200,000 $185,000 $36.08
$225,000 $210,000 $40.95
$250,000 $235,000 $45.83
WHAT IS THE EXPECTED TAX IMPACT TO THE HOME OWNER?
No Tax Increase above the frozen level on the homestead of a disabled person or taxpayer 65 years of age and older
who have applied and received the Tax Freeze.
YEAR TOTAL TAX RATE
2006/07 $ 1.37
2007/08 $ 1.21
2008/09 $ 1.21
2009/10 $ 1.21
2010/11 $ 1.21
2011/12 $ 1.20
2012/13 $ 1.21
2013/14 $ 1.44*
WHAT ARE THE SRISD HISTORICAL TAX RATES?
The tax rate impact of the proposed bonds is estimated to be 23.4¢. The table above shows the estimated new total tax rate of $1.44.
SCHOOL DISTRICT 2012 - 2013 TOTAL TAX RATE
Blue Ridge ISD $1.62
Bland ISD $1.52
Celeste ISD $1.51
Trenton ISD $1.46
Honey Grove ISD $1.41
Wolfe City ISD $1.30
Cumby ISD $1.29
Sam Rayburn ISD $1.21**
Bonham ISD $1.20
Dodd City ISD $1.12
HOW DOES THE SRISD TAX RATE COMPARE?
** Current tax rate
SCHOOL DISTRICT 2012 - 2013 TOTAL TAX RATE
Blue Ridge ISD $1.62
Bland ISD $1.52
Celeste ISD $1.51
Trenton ISD $1.46
Sam Rayburn ISD $1.44**
Honey Grove ISD $1.41
Wolfe City ISD $1.30
Cumby ISD $1.29
Bonham ISD $1.20
Dodd City $1.12
HOW DOES THE SRISD TAX RATE COMPARE?
*Proposed tax rate
2011-2012 $368,776
2012-2013 *$94,758
Total $463,534
SAM RAYBURN ISD
BOND ELECTION INFORMATION
Lost Revenue Due To State Funding Reduction
* Projected amount
Enrollment Since 2007Fall Peims Data from TEA
Fall 2007 (NO PK) 4392008 4252009 4442010 (WITH PK) 4482011 4792012 483
APRIL 2013 496 (CURRENT NU.)
ATTENDANCE RISE SINCE 2007
10.0% Rise from 2007 to Fall 2012 from Piems Data
Rise in actual number of students 439-49612.9%
Early Voting:
April 29th – May 3rd (Monday – Friday)8:00 A.M. – 5:00 P.M.
May 6th – May 7th (Monday & Tuesday)
7:00 A.M. – 7:00 P.M.
LOCATION: Fannin County Courthouse101 E. Sam Rayburn DriveBonham, Texas 75418
SAM RAYBURN ISD
BOND ELECTION INFORMATION
Election Day:
May 11, 20137:00 A.M. to 7:00 P.M.
Locations: Sam Rayburn ISD (School Library)9363 East FM 273Ivanhoe, Texas 75447Precincts 5 and 12 Fannin County Courthouse101 E. Sam Rayburn DriveBonham, Texas 75418Precincts 1, 4 and 18
SAM RAYBURN ISD
BOND ELECTION INFORMATION