FAQs
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What is a bond election?
Posted by:School districts are required by state law to ask voters for permission to sell bonds to investors in order to raise the capital dollars required for projects such as the renovation of existing buildings or building a new school. Essentially, the voters are giving permission for the District to take out a loan and pay that loan back over an extended period of time, much like a family takes out a mortgage loan for their home. A school board calls a bond election so voters can decide whether or not they want to pay for proposed facility projects. School boards then have the authority to sell bonds when facilities are needed.
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How can bond money be spent?
Posted by: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, building maintenance, fuel, and insurance.
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How does school funding work in Texas?
Posted by:Texas school districts are funded by three major sources: Federal, State, and Local. Two factors drive school finance in Texas: enrollment, and local property values. A school district tax rate has two distinct components which, added together, make up the annual school tax rate.
Maintenance and Operations (M&O) funds are used to fund the day-to-day operations of a school district, including teacher and staff salaries; utilities; student services and curriculum; professional development; and facility maintenance and management.
Interest and Sinking (I&S) funds are generated from the sale of voter-approved bonds. These funds are restricted to use only for projects such as the construction of new facilities; additions and renovations to existing facilities; safety and security projects; and purchase of capital expense items such as buses and large technology expenses.
School property taxes are set by an annual M&O plus I&S tax rate approved by the district’s Board of Trustees.
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Who determines my property value?
Posted by:Actual property values are determined annually by local appraisal districts. School districts have no control over and do not set local property values.
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Why are renovations of existing WISD facilities included?
Posted by:Waxahachie ISD actively maintains multiple aging facilities, some of which are more than 100 years old. While the district conducts regular maintenance on its older facilities, this bond would allow for more extensive projects that will improve school safety in our existing facilities and maintain their good condition as they age. The bond would also allow for the re-purposing of certain campuses to be used by other grade levels in order to maximize the efficient use of existing spaces and reduce the need for new construction.
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How was the 2023 bond proposal developed?
Posted by:The 2023 Waxahachie ISD Bond Proposal was developed by a committee of approximately 70 WISD stakeholders who gathered for a total of eight meetings from February 2022 to December 2022. The committee was composed of representatives with various perspectives, including parents, students, staff members, grandparents, business leaders, civic leaders, volunteers, retirees, community members, and WISD alumni. The committee spent their time reviewing and analyzing the aspects, histories, and projections of Waxahachie ISD’s demographics, growth and enrollment patterns, tax impact scenarios, district finance, educational programs, and thorough discussions of both immediate and long-term needs of the District, and workforce needs for our growing business community. As a result of this process, the committee formed a recommendation for a bond proposal that was presented to the Waxahachie ISD Board of Trustees on December 12, 2022. The WISD Board of Trustees considered the recommendation and called for the bond proposal on February 13, 2023.
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Is Waxahachie ISD growing?
Posted by:Waxahachie ISD has added 1,500 students over the past three years and expects to add nearly 2,000 more students over the next three years. The District is projected to have an enrollment of more than 17,000 students by the early 2030s. This bond will allow for the construction of new facilities and the expansion of existing facilities to address immediate capacity issues and accommodate future growth.
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How does this bond address school safety in WISD?
Posted by:The safety of our schools is our top priority. Bond 2023 provides district-wide safety, security, and technology upgrades district-wide. These upgrades include features such as fire alarm systems, secure vestibules and entrances, video camera systems, and replacement of doors and locking systems.
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Why was a second high school proposed in this bond package?
Posted by:Waxahachie High School is forecast to exceed its current functional capacity by 2024-2025. A second comprehensive high school will relieve the challenges of rising student enrollment while also providing more students with opportunities to participate in Career & Technical Education, academic extracurricular programs, fine arts, and athletics.
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If I am 65 or older, will my taxes increase?
Posted by:No. Taxes are “frozen” for taxpayers aged 65 and over or disabled persons under the Homestead Exemption application. These taxpayers see no increase in their tax rate as a result of a school bond election.
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What is a bond?
Posted by:A bond is a contract to repay borrowed money with interest over time, similar to a home mortgage. Bonds are sold by a school district to competing lenders to raise funds to pay for the costs of construction, renovations, and equipment. Most school districts in Texas utilize bonds to finance renovations and new facilities.
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Can bond funds be used to give teachers and staff a raise?
Posted by:No. Bond funds can only be used to pay for certain things, like new buildings, additions/renovations to existing facilities, land acquisition, and technology infrastructure/equipment for new or existing buildings.
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How will the 2023 bond impact the tax rate?
Posted by:We expect that this bond will increase the tax rate by 3 cents. For the average homeowner in Waxahachie ISD, this is an increase of approximately $5.61 per month.
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How will Waxahachie ISD ensure funds are spent appropriately?
Posted by:Waxahachie ISD is creating a bond oversight committee of WISD taxpayers. This group will meet quarterly and receive information on how bond funds are being spent.
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Are the 4 propositions a "menu" to choose from or is there an opportunity to vote on all 4?
Posted by:Voters can place a vote on all four propositions.
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Where will the new schools be located?
Posted by:If approved by voters, the new Wilemon STEAM Academy building will be located on land currently owned by the district off of Business 287, near Waxahachie High School, and neighborhood elementary school #10 will be located on land donated to the district in the Saddlebrook neighborhood. If approved by voters, the second comprehensive high school will be located on land owned by the district just south of the Waxahachie Senior Center on Highway 77. We are still looking for a site for neighborhood elementary school #11.
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Will the second comprehensive high school have grades 9-12 when it opens?
Posted by:We anticipate that the campus will open with only students in grade 9, or grades 9 and 10.
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Will the second comprehensive high school offer all of the same programs as WHS?
Posted by:The second comprehensive high school will offer all of the same academic, fine arts, and athletic programs as Waxahachie High School. The place where its course offerings may differ is in our Career & Technical Education (CTE) department. A second comprehensive high school offers the district the opportunity to introduce new CTE programs and certification opportunities.
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Will both comprehensive high schools compete at the 6A level?
Posted by:It is too soon to know this because the second comprehensive high school will not likely begin competing at the varsity level until 2029 or 2030. Our demographic projections indicate that by the mid-2030s, we will likely have two 6A high schools (according to current UIL classifications).
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What makes the new Wilemon campus more expensive than the other proposed elementary campuses?
Posted by:Plans for Neighborhood Elementary #10 and Neighborhood Elementary #11 are already owned by the district (purchased in 2021). We will have to purchase plans for the new Wilemon campus. Based on the location of the new Wilemon campus, we expect additional costs for site work. In addition, the Wilemon campus will include specialized academic spaces for project-based and STEAM-focused learning. This new building would give even more students the opportunity to be involved in this program of choice in Waxahachie ISD.
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Why do updates need to be made at Waxahachie High School?
Posted by:For several years, the WHS football and cheerleading teams have been transported to Lumpkins Stadium for practices. There are not currently enough facilities to accommodate the practices for these teams at WHS. The district is spending thousands of dollars each year on transporting these students to Lumpkins Stadium for practices. This bond would allow the district to build additional facilities to accommodate football and cheerleading practices at WHS, plus expand the weight room and athletic training facilities that will benefit all athletic programs. WHS was built based on plans used for other high schools in the DFW Metroplex, and some of those schools have also since made similar improvements to athletic facilities.
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If approved, would the district use short-term bonds for short-term assets, such as HVAC units?
Posted by:Yes, with the help of our financial advisor, we would sell $60 million of bonds with final maturities of less than 15 years for maintenance items.
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How were members of the Long Range Planning Committee chosen?
Posted by:The LPRC members were chosen based on recommendations from the Board of Trustees and district administrators. The group was made up of a diverse group of parents, students, staff members, business leaders, community leaders, grandparents, alumni, and community members.
Contact Us
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If you have a question, please email District Administration, and we will be happy to provide you with more information.