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Nov
02

Legislative News

Bond Election
Early voting for the bond election begins Monday, October 23rd and runs through November 3rd. Election day (if you miss early voting) is November 7th. Please come out and VOTE. Be sure to look to the bottom of the ballot; the SBISD bond item is the last one. It is in ALL CAPS, so it will look different from the other items.
For more information about the bond, go to: www.springbranchisd.com/bond2017.
For information about polling places and hours (including Sunday voting!), go to www.harrisvotes.org.

What is a school bond election?
School districts must ask voters for permission to sell bonds to investors to raise money for capital projects including new construction, renovation or other improvements. Voters give the district permission to take out a loan to build and renovate and pay that loan back over an extended period of time. Bonds cannot be used for salaries or operating costs such as utility bills, supplies, building maintenance, fuel, and insurance.
SBISD educates more than 35,000 students and maintains more than 6 million square feet of buildings. The most recent bond issue was approved in 2007 by 60 percent of voters. It provided funds to rebuild 13 elementary schools – one more than originally planned – and resulted in major safety and security upgrades districtwide. Most remaining elementaries not rebuilt in the past 10 years are now more than 50 years old. The 2017 Bond will rebuild 9 of them, plus Landrum Middle School.
The district does not expect any tax rate increase as a result of this bond election, if passed by voters. The SBISD Board of Trustees has not raised the school tax rate since 2010. SBISD offers every tax break allowed by law, including the full 20 percent homestead exemption. District homeowners have the second lowest tax burden in the Houston area. The annual school tax bill on a home valued at $500,000 is currently $5,229 in SBISD, compared to $5,400 in Cy-Fair ISD, $6,982 in Spring ISD, and $7,024 in Katy ISD. By state law, there would be no tax increase for senior citizens 65 or over as a result of this bond election. The school tax rate and the amount paid are frozen when a taxpayer turns 65 years old.
The election is on November 7th with early voting 10/23 – 11/3.