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Funding from the 2019 Bond election helped build Inspiration Mountain School (Left, 2022) and continues to help
Inspiration Mountain School grow (Right, 2024) to maintain overall population and student growth in the area.
What is a bond?
A bond provides funding for capital projects such as purchasing property for schools, constructing new schools, or modernizing existing schools. Bonds are sold to investors who are repaid with interest over time from property tax collections, generally between 10–25 years. Without bond funding, many major projects that focus on school safety, security, and growth cannot be started, often putting school districts years behind residential growth trends.
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Special Bond FAQs
Why is a Special Bond Election needed?
There are several reasons:-
Older schools need improvements to increase safety.
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State-imposed capital funding reductions have resulted in funding gaps for such things as technology, textbooks, and school buses.
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Overall population and student growth necessitates additional facilities.
What is the focus of the 2024 Bond?
In addition to these major bond projects, the 2024 bond would finance building renewal (construction and upkeep of school campus buildings), conservation (creating and maintaining energy-efficient campuses), buses (maintaining the current ¼â½ÐÊÓƵapp bus fleet while purchasing new buses to replace aging buses), and student growth (strategically building around an anticipated population boom in the northern part of our district due to the construction of the TSMC chip plant.
What will the Bond cost?
The estimated average monthly cost on the average assessed value of a $259,650 home is $15.12/month, which is a continuation of the tax already being assessed from prior bond authorizations.THIS WILL NOT INCREASE YOUR PROPERTY TAX!
This bond is designed to not increase the tax burden on residents within the ¼â½ÐÊÓƵapp boundaries.
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