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How can this bond proposal be accomplished without a tax rate increase?

Oct 18, 2018 04:07 pm

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Zero Tax Rate Increase

The efficient management of the BISD’s existing bond debt over the last six years has allowed the District to refinance more than $142.2 million of its outstanding bonds at a lower interest rate, saving taxpayers $18,360,986 in future interest costs. The District has also prepaid approximately $16.3 million of its bonds prior to scheduled maturity, saving an additional $11,102,560 for taxpayers. BISD will continue to carefully monitor its bond debt and related interest rates in an effort to save taxpayers additional dollars in the future.

The District repays its bonds on an annual basis over a period of 25 years or less, while structuring its annual bond payments to decline over time creating additional bonding capacity for future bond proposals. Furthermore, the District repays its bonds based upon the useful life of the assets for which the District is financing. As an example, BISD repays bonds issued for new school buildings over a 25-year period, but repays bonds issued for technology and other short-term assets over a period of 3 to 10 years.

Birdville ISD will have the ability to sell these additional bonds with NO school tax rate increase due to bond prepayments and the refinancing of current bonds at lower interest rates.

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2018 Red Ribbon Campaign October 22‒28, 2018

Oct 18, 2018 02:07 pm

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Red Ribbon Campaign Oct 22-28, 2018


October 22‒28, 2018

This year, Red Ribbon Week is set for October 22 through October 28.  Wearing and displaying the ribbons during this observance helps to present a unified and visible commitment to promote drug-free communities.

The theme for this year’s Texas Campaign goes beyond the symbolism of the red ribbon and asks our families, friends and neighbors to support Life Is Your Journey, Travel Drug Free™.

Click here to view a list of campus activities [opens in new window]

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Recent Articles:

Richland High Band Wins Big at Mansfield Preview of Champions
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Four BISD Students Named National Merit Semifinalists
North Ridge Middle School Band Wins National Award
BISD earns distinction for Post-Secondary Readiness from TEA


 


 
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