COLLEGE STATION ISD2015 Bond InformationElection Date: November 3, 2015
A Growing Community• College Station is growing
• Texas A&M University• Brazos Valley Bio-Corridor• College Station Medical District
• CSISD is a fast growth school district• 97th Percentile in percentage growth (last 5 years)
CSISD Enrollment 1948-2008
506
1554
2283
3138
5244
7194
9202
0
1000
2000
3000
4000
5000
6000
7000
8000
9000
10000
1948 1959 1968 1978 1988 1998 2008
District Enrollment Trends• Consistent period of growth
• 1978-1988 2,100 students 10 years• 1988-1998 1,950 students 10 years• 1998-2008 2,000 students 10 years
District Enrollment Trends• Consistent period of growth
• 1978-1988 2,100 students 10 years• 1988-1998 1,950 students 10 years• 1998-2008 2,000 students 10 years
• Accelerated growth• 2008-2014 3,300 students 6 Years
District Enrollment Trends• Consistent period of growth
• 1978-1988 2,100 students 10 years• 1988-1998 1,950 students 10 years• 1998-2008 2,000 students 10 years
• Accelerated growth• 2008-2014 3,300 students 6 Years
• 1,500 Students in the last 2 Years (from Oct. 2012 to Oct. 2014)
Responding to Growth – Since 2004• Bond Elections
• May 2007 $67.4 Million• May 2009 $144.2 Million• November 2013 $83.5 Million
Responding to Growth – Since 2004• Bond Elections
• May 2007 $67.4 Million• May 2009 $144.2 Million• November 2013 $83.5 Million
• Major Projects Completed• Built 4 Elementary Schools• Built 1 High School
Responding to Growth – Since 2004• Bond Elections
• May 2007 $67.4 Million• May 2009 $144.2 Million• November 2013 $83.5 Million
• Major Projects Completed• Built 4 Elementary Schools• Built 1 High School• Rebuilt 2 Schools
• College Hills Elementary• College View High School
Responding to Growth – Since 2004• Bond Elections
• May 2007 $67.4 Million• May 2009 $144.2 Million• November 2013 $83.5 Million
• Major Projects Completed• Built 4 Elementary Schools• Built 1 High School• Rebuilt 2 Schools
• College Hills Elementary• College View High School
• Built Support Services Facility• Transportation – Phase 1• Purchasing/Warehouse – Phase 2
CSISD Schools in 2004Elementary Schools (PK-4)
Intermediate Schools (5-6)
Middle Schools (7-8)
High Schools (9-12)
CSISD Schools in 2015Elementary Schools (PK-4)
Intermediate Schools (5-6)
Middle Schools (7-8)
High Schools (9-12)
Planning Processes - PFG• Board of Trustees chartered a PFG committee to
Planning Processes - PFG• Board of Trustees chartered a PFG committee to• Study
• Enrollment history and projections• School capacities• State of various current facilities• Potential other capital needs• Potential effect of additional facilities on budget and tax rate
Planning Processes - PFG• Board of Trustees chartered a PFG committee to• Study
• Enrollment history and projections• School capacities• State of various current facilities• Potential other capital needs• Potential effect of additional facilities on budget and tax rate
• Make a Recommendation• Whether to go out for bond• Timing of bond (2015, 2016)• Potential projects for the Board to consider
Committee Recommendations• Intermediate School #3 To Open 2017• Middle School #3 To Open 2018• Elementary School #10 To Open 2018
Committee Recommendations• Intermediate School #3 To Open 2017• Middle School #3 To Open 2018• Elementary School #10 To Open 2018• Renovations & Additions to current IS & MS
• Flexible Instructional Spaces – all four schools• AMCMS Locker Rooms• Oakwood Entrance• Cypress Grove Additional Restrooms
Committee Recommendations• Intermediate School #3 To Open 2017• Middle School #3 To Open 2018• Elementary School #10 To Open 2018• Renovations & Additions to current IS & MS
• Flexible Instructional Spaces – all four schools• AMCMS Locker Rooms• Oakwood Entrance• Cypress Grove Additional Restrooms
• Other Capital Needs• Buses• Technology• Deferred Maintenance• Land Acquisition
Cost Estimates
Intermediate School #3 $38,380,000Middle School #3 $51,370,000Elementary #10 $24,220,000Existing IS/MS Renovations and Improvements$3,630,000Buses $1,600,000Technology $5,600,000Deferred Maintenance $5,200,000Land Acquisition $5,900,000
GRAND TOTAL $135,900,000
How Bonds Work
• Bonds are sold by the district, and the district repays the debt, with interest over a period of years• Works just like a home mortgage
How Bonds Work
• Bonds are sold by the district, and the district repays the debt, with interest over a period of years• Works just like a home mortgage
• The district levies a tax solely for the purpose of paying off debt• Interest & Sinking (I&S) Tax Rate• This money cannot be used for anything else
Maintenance and Operations$1.04
Interest and Sinking$0.3229
M & O I & S
Maintenance and Operations$1.04
Spent on: Day to Day expenses (salaries, supplies, utilities, etc.)
Interest and Sinking$0.3229
Spent on: “Mortgages”/Paying Debt
M & O I & S
Maintenance and Operations$1.04
Spent on: Day to Day expenses (salaries, supplies, utilities, etc.)
Funding Source: Local taxes and State Funds
Interest and Sinking$0.3229
Spent on: “Mortgages”/Paying Debt
Funding Source: Local Taxes
M & O I & S
Maintenance and Operations$1.04
Spent on: Day to Day expenses (salaries, supplies, utilities, etc.)
Funding Source: Local taxes and State Funds
Limits: If the district collects more taxes per student than the state allows for the year, the extra is sent to the state.
Tax rate limit of $1.04 per $100 of valuation w/o an election
Interest and Sinking$0.3229
Spent on: “Mortgages”/Paying Debt
Funding Source: Local Taxes
Limits: Can only be spent on paying debt; may not be spent on paying day to day expenses
Tax rate limit of $0.50 per $100 of valuation
M & O I & S
Debt Service Taxes
• How has CSISD’s Debt Service tax rate changed over the years?
Debt Service Taxes
• How has CSISD’s Debt Service tax rate changed over the years?
• From 2004 to 2015• Tax Rate increased 5.3 cents from $0.2700 to $0.3229 per $100
valuation
Debt Service Taxes
• How has CSISD’s Debt Service tax rate changed over the years?
• From 2004 to 2015• Tax Rate increased 5.3 cents from $0.2700 to $0.3229 per $100
valuation• Built 4 Elementary Schools• Built 1 High School• Rebuilt 2 Schools• Built Support Services Facility
Debt Service Tax Projections
• How much would a 2015 Bond issue affect the debt service tax rate?
Debt Service Tax Projections
• How much would a 2015 Bond issue affect the debt service tax rate?
• Amortization Schedules• 5-7 Years - Technology and Buses• 25-30 Years - Construction, Renovations, Deferred Maintenance
and Land Acquisition
Debt Service Tax Projections
• How much would a 2015 Bond issue affect the debt service tax rate?
• Amortization Schedules• 5-7 Years - Technology and Buses• 25-30 Years - Construction, Renovations, Deferred Maintenance
and Land Acquisition• High and Low Range Projections for $135.9 Million
• $0.0615 per $100 Valuation• $0.1000 per $100 Valuation
Debt Service Tax Projections
• From 2015 to 2019• Tax Rate is projected to increase less than 1.5 cents from $0.3229
to $0.3551 per $100 valuation
Debt Service Tax Projections
• From 2015 to 2019• Tax Rate is projected to increase less than 1.5 cents from $0.3229
to $0.3551 per $100 valuation• Build 1 Elementary School• Build 1 Intermediate School• Build 1 Middle School
Debt Service Tax Projections
• From 2015 to 2019• Tax Rate is projected to increase less than 1.5 cents from $0.3229
to $0.3551 per $100 valuation• Build 1 Elementary School• Build 1 Intermediate School• Build 1 Middle School• Renovations to current Intermediate and Middle Schools
Debt Service Tax Projections
• From 2015 to 2019• Tax Rate is projected to increase less than 1.5 cents from $0.3229
to $0.3551 per $100 valuation• Build 1 Elementary School• Build 1 Intermediate School• Build 1 Middle School• Renovations to current Intermediate and Middle Schools• Other Projects
• Purchase buses • Replace aging technology infrastructure• Address deferred maintenance projects• Purchase land for additional future campuses
Debt Service Tax Projections
Taxable Value $0.06 rate increase $0.10 rate increase
Monthly
increaseYearly
Increase Monthly
IncreaseYearly
Increase
$150,000 $6.25 $75 $10.42 $125
$250,000 $11.25 $135 $18.75 $225
$350,000 $16.25 $195 $27.08 $325
$500,000 $23.75 $285 $39.58 $475
Additional Bond Information
www.csisd.org
or
bond.csisd.org
November 3, 2015 Election• Last Day to Register to Vote - Monday, October 5, 2015
• Must be a registered voter AND have a picture ID
November 3, 2015 Election• Last Day to Register to Vote - Monday, October 5, 2015
• Must be a registered voter AND have a picture ID• Early Voting Dates - October 19 - October 30
• 8:00 am - 5:00 pm October 19-28 (Monday through Friday)• 8:00 am - 8:00 pm October 29-30
November 3, 2015 Election• Last Day to Register to Vote - Monday, October 5, 2015
• Must be a registered voter AND have a picture ID• Early Voting Dates - October 19 - October 30
• 8:00 am - 5:00 pm October 19-28 (Monday through Friday)• 8:00 am - 8:00 pm October 29-30
• Early Voting Locations• College Station Utilities (Graham Road)• Memorial Student Center – Room 526
November 3, 2015 Election• Last Day to Register to Vote - Monday, October 5, 2015
• Must be a registered voter AND have a picture ID• Early Voting Dates - October 19 - October 30
• 8:00 am - 5:00 pm October 19-28 (Monday through Friday)• 8:00 am - 8:00 pm October 29-30
• Early Voting Locations• College Station Utilities (Graham Road)• Memorial Student Center – Room 526
• November 3, 2015 is Election Day• First time to use Vote Centers (not precincts)
November 3, 2015 Election• Last Day to Register to Vote - Monday, October 5, 2015
• Must be a registered voter AND have a picture ID• Early Voting Dates - October 19 - October 30
• 8:00 am - 5:00 pm October 19-28 (Monday through Friday)• 8:00 am - 8:00 pm October 29-30
• Early Voting Locations• College Station Utilities (Graham Road)• Memorial Student Center – Room 526
• November 3, 2015 is Election Day• First time to use Vote Centers (not precincts)
• More Voting Info – brazosvotes.org
CSISD Employee Ethics• As a school employee, you may not advocate for or
against the bond election in your official capacity as an employee• Open House• During Class• At school events• Via email• District Resources
• As a citizen, you do not lose your first amendment rights• At the grocery store• At the soccer field watching your children play
Questions/Comments?