Have a question about the May 2017 Bond Election?
1. What is a bond?
A bond is similar to a home mortgage. It is a contract to repay borrowed money with interest over time. 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.
2. 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, building maintenance, fuel and insurance.
3. What is a bond election?
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 renovation to 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.
4. Exactly how much is the proposed bond package?
The Board of Trustees called a bond election in the amount of $54 million to be brought before voters on May 6, 2017.
5. How was the bond package developed?
A Facilities Planning Committee was established to review and prioritize district needs relating to a growing student population,
building age, safety and conditions, and evolving educational deliveries. The Committee represented a broad cross section of the community, including parents, business leaders, teachers, district administrators, and civic leaders.
6. How will the proposed bond election affect my taxes?
The committee met six times from August 2016 through January 2017. Upon completion of the Committee’s analysis, a
recommendation was presented to the Board of Trustees on January 9, 2016.
If voters approve the bond election, the estimated tax impact of this bond is anticipated to be 17 cents for a total tax rate of $1.54.
This represents an increase of approximately $10.63 per month on a home valued at $100,000.
7. How do I calculate my personal tax impact for the bond package?
To calculate your personal tax impact from the bond package, divide the taxable value of your property (less homestead exemptions)
by 100. Then, multiply that number by .17 for the annual impact of the total bond proposal. You can also use the tax calculator on the Tax Information page to calculate your personal tax impact.
8. What if I am over 65 years old? Will my taxes go up if the bond is successful?
No. If you have applied for and received the Age 65 Freeze on your homestead, by law, your school taxes cannot be raised
above their frozen level.
9. What if I am over 65 years old and receive the “Senior Citizen Exemption” and my home value goes up, will my taxes increase?
The appraised value can change and the tax rate will change, but the amount of school taxes on your homestead cannot increase. Normal repairs, maintenance and the economic impact of the market cannot increase the amount of taxes you will pay once a tax ceiling is in place on that homestead. Therefore, if this bond election is successful, it will not have an impact on the tax bill for homesteads that are receiving the senior citizen exemption, unless you make significant improvements to your home.
10. Who is eligible to vote in this election?
Any registered voter that resides within the school district boundaries.
11. Can I still register to vote in the election?
The deadline for voter registration is April 6, 2017. If you are not registered to vote by this deadline, then you are not eligible to vote
in this election. The Texas Voter Registration Application can be found online here, or applications can be picked up at any Post Office,
Library or DPS location.
12. After I have registered, when will I receive my Voter Registration Certificate?
You should receive a Voter Registration Certificate within 30 days. On Election Day, please bring your certificate to your local polling place if you have it. However, all that is required is a valid driver’s license.
13. When was the last bond election for Jarrell ISD?
Jarrell ISD voters approved a $42 million bond proposition on May 10, 2008. Funds from the bond were used to construct a new elementary school and new middle school, along with renovations to the existing high school and district stadium.
14. Where will the new Elementary School be located?
The new elementary school is planned to be located north of the CR314 and CR315 intersection, south of
the Sonterra subdivision, at a site owned by the district with active utility connections.
15. What will the attendance boundaries be for the new Elementary School?
Jarrell ISD has not determined new attendance boundaries for the second district elementary school proposed in the bond.
If voters approve the bond, the district will go through a thorough process to make these decisions.
16. What is the difference between maximum capacity and functional capacity?
Maximum capacity of a campus is how many students it can physically house by utilizing every structural resource, throughout the entirety of every school day. Functional capacity determines the most students a campus can accommodate effectively. Think of it like a glass of water. Maximum capacity would fill the glass of water to the rim, while functional capacity would leave room in the glass to avoid being spilled while drinking. Typically, functional capacity is 90 percent of the maximum capacity.