Opponent says KISDs bond stance is “smoke and mirrors” Its OKAY to vote NO AGAIN!! After figuring in interest and principle the bond is more than $1 Billion! Cyndi Lawrence readily acknowledges that Katy ISD is a highly desirable district that ~Katy Times Here are some of the facts about this $750 Million Bond that the school district doesn’t tell you. Largest bond in Katy ISD history Largest bond in the State of Texas for the November 2014 Ballot. Katy ISD currently has a tax rate higher than 93% of the other districts in Texas Katy ISD currently owes $1.2 Billion in debt with bond it will increase to approx. $3 .5 billion with interest. TOTAL DEBT PER STUDENT WILL BE $31,808 This bond assumes another bond in 3 years - THEY WILL BE ASKING FOR MORE IN 3 YEARS Stadium will cost more per seat than UH stadium. Only traffic study provided by the district about the side by side stadiums was done by PBK (architect of the crumbling Allen Stadium) Bond contains maintenance items (carpet, roof, waterproofing windows etc.) that should be done routinely and paid for out of our maintenance budget rather than putting it on a bond to avoid financing Most expensive and largest HS in the state is on the bond. It is $151,000,000 and over 600,000 square feet but only holds 3000 children. Smaller, less expensive schools with a capacity of 3200 children have been built in neighboring districts. Money is not free - the district counts on our rising assed value to pay bounds. They could lower taxes and continue to rake in the money because of increased home values. YOU WILL PAY MORE IN TAXES - and the $10-$20 is a misleading figure “What they are telling you is false” ~Paul Bettencourt The bond contains portables - bond or no bond the portables will remain at the schools DONT BE DECEIVED BY THE VAGUE BOND LANGUAGE!! THE BALLOT WILL SAY: OFFICIAL BALLOT PROPOSITION THE ISSUANCE OF $748,120,000 SCHOOL BUILDING BONDS FOR THE CONSTRUCTION, ACQUISITION AND EQUIPMENT OF SCHOOL BUILDINGS IN THE DISTRICT (INCLUDING THE REHABILITATION, RENOVATION AND IMPROVEMENT THEREOF), THE PURCHASE OF THE NECESSARY SITES FOR SCHOOL BUILDINGS, AND THE PURCHASE OF NEW SCHOOL BUSES, AND THE LEVYING OF THE TAX IN PAYMENT THEREOF [ ] AGAINST Its okay to vote NO again! Early Voting: October 20-31 Election Day: November 4th
Posted on: Sun, 19 Oct 2014 19:35:43 +0000
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