STATEMENT

• The Canadian Independent School District has called for a $20 million Bond Issue Election to be held on Saturday, May 4, 2024.  Early Voting is April 22 – April 30 at the CISD Business Office.

OBJECTIVE OF THE BONDS

• To adequately fund existing expenses in such a way that less local revenue is sent away to the State in Recapture and more is kept for Canadian ISD students.

WHAT SPECIFIC ELEMENTS ARE INCLUDED IN THE 2024 BOND PROPOSAL

• PROPOSITION A:  $18 million
  • Fund upcoming capital projects, facilities repairs, and supplies
    • Refresh of the district’s heating, ventilation, and air conditioning systems, much of which dates back over 30 years.
    • Replacement of aging buses and vehicles
    • Safety and security measures
    • Facility updates
    • Classroom, fine arts, and extracurricular equipment
• PROPOSITION B:  $2 million
  • Technology equipment and infrastructure:  laptops, tablets, network equipment, and other technology infrastructure related items

Q&A

• When was the last bond CISD bond election? 
  • 2018
• Will my tax rate increase from previous year if the bond propositions pass? 
  • No, our current tax rate will not increase.  The Canadian ISD Board of Trustees is committed to no increase to the $0.27 tax rate.  Even though the tax rate will stay the same, the Texas State Ballot LawElection Code requires the ballot to reainclude the statement ‘this is a property tax increase.’
• How has Canadian ISD benefited from previous bonds? 
  • Our school district has benefited through repairs and improvements to our facilities, replacement of school buses, and reduction in recapture (local revenue sent to the state) by using bond funds for all allowable expenses.
• Is there an alternative to generate the same amount of revenue without a bond? 
  • No.  We could seek to raise our Maintenance and Operating tax rate but because CISD is a property wealthy district, it would result in more local revenue being sent to the state in the form of recapture.
• Why will there be two propositions on the ballot? 
  • Texas law requires a separate proposition for bond funds that will be used for technology equipment.

WHY IS THE BOND ELECTION NEEDED

• Update and replace the district’s aging heating and air conditioning systems. 
• Facility repairs and updates
• Safety and security measures
• School vehicles/buses
• Classroom, fine arts, and extracurricular equipment
• Technology equipment and infrastructure

TAX RATE INFO

• Impact of Bond on Tax Rate (I&S AND M&O – M&O needed to generate same amount and impact on recapture)
  • The current I&S rate of $0.27 will not increase.
• Current Tax Rate
  • Total Tax Rate $0.9769 (M&O = $0.7069, I&S = $0.27)
• Historical Tax Rate data:  Our current tax rate is the lowest since 1990. 
• CISD Tax Rate Trend:  Current Tax Rate plus previous five years: [click on graphic at top]