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

Proposed Elementary Additions

*New classrooms/science lab

High School Proposed Additions

*Three classrooms and one science lab

Proposed Ag/Vocational Additions

Proposed High School Office Relocation

*New front office area

Parking Lot Addition

We are hopeful the state will restore partial funding during this legislative session.

SAM RAYBURN ISD

BOND ELECTION INFORMATION

Proposed Track Location

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

HAVE A QUESTION?

Contact: Sam Rayburn ISD

Administration903-664-2255