Last night, Feb. 11, during their regularly scheduled monthly meeting, our Board of Trustees unanimously voted to call a bond election for May 4, 2019. Community members living within Cypress-Fairbanks ISD will vote on the $1,762,000,000 referendum this spring.
The election was called after a community long-range planning committee (LRPC) presented a recommendation to the Board during a Feb. 4 special-called meeting. The 50-member LRPC met regularly throughout November-January and formulated a plan that will meet the following needs for the school district through 2025:
- instructional and support facilities;
- safety and security;
- technology; and
- facilities renovations and additions.
More information on what is included in the referendum, as well as the detailed recommendation given to the Board, can be found on the LRPC webpage. I encourage you to review the information to help prepare you for an informed vote in May.
The projected impact of the bond on our debt service tax rate (also called the Interest and Sinking tax rate), would amount to an incremental change of up to 3 cents over a seven-year period. A home valued at $200,000 would have a maximum annual I&S tax increase of $40.50 by the year 2025. Remember that this is only a projection. Prior to the 2014 bond election, we forecasted a maximum tax increase of 4.5 cents and it actually decreased by one penny.
Please note that there would be no tax increase for those 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.
We will continue to post more information on the district website (www.cfisd.net) and our social media channels (search #CFISDBond) in the coming weeks to answer potential questions and supply voting information to our community members. We will also deliver a series of presentations at upcoming events to help inform the voting public.
Thank you in advance for committing to making an informed vote in the 2019 bond election.
~ Mark Henry, Ed.D.
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