On Saturday May 6, 2017, Southside ISD voters approved ballot proposition to support school construction, acquisition, renovation and equipment of school buildings in the District.
The $59.8 million bond provides funding for a new Prek-K school and other major renovations at other campuses including replacing infrastructure systems upgrading science labs, agriculture and expanding other classroom spaces to meet recommended state guidelines.
The schools to receive extensive renovations are: New Additional PreK-K Campus Menchaca Early Childhood Center, Losoya Intermediate, Southside High School and Matthey Middle School. Read thank you letter from Mark Eads, Superintendent of Southside ISD
Bond – Frequently Asked Questions
What is a Bond?
A bond is similar to a home mortgage. It is a contract to repay borrowed money with a low-cost interest rate over time. Bonds are sold by a school district to competing lenders to raise funds. Most school districts in Texas utilize bonds to finance new building construction, renovations, equipment, land purchases, and other capital projects.
How can bond funds be used?
Bond funds can be used to pay for new buildings, additions and renovations to existing facilities, land acquisition, technology infrastructure and equipment for new or existing buildings. Bonds cannot be used for salaries or operating costs such as utility bills, supplies, fuel and insurance.
How will the bond package affect residents who are 65 years old or older?
For residents, who are 65 or older and own their own home and have received an “over-65 homestead exemption,” there is a tax ceiling on the amount of school taxes that they pay.
Persons who have the over-65 exemption do not pay more taxes – even if the school district raises its tax rate or if the appraised value of their home increases.
For more frequently asked questions, click here.