May 2015 BOND INFORMATION

Planning for the May 2015 Bond

       The bond package was based upon

       recommendations from the

       district’s Bond Steering Committee, made up of local citizens, civic, church, and business leaders, parents and school staff. Members met to study and prioritize  district needs and develop a bond package to address them. They toured district facilities, studied a district-wide facility assessment, grade configuration data and district financial information. Upon review of the committee’s recommendations, the MISD Trustees worked in multiple meetings to further study and prioritize the recommended projects.

 

Click here to learn more about the Bond Steering Committee process and view the District Wide Comprehensive Facility Assessment.

The May 2015 bond allows for the building of a new junior high school (to serve grades 6-8), three new elementary schools (each to serve grades K-5) and provides renovations to repurpose Sam Houston Middle School as a Grade K-5 STEM Academy.

 

The way education is delivered has changed tremendously over the past several decades, but many of the districts campuses are over 50 years old and don't meet today's standards. The new schools built with this bond will allow for 21st century learning environments for today's students. They will include the latest in safety and security measures and the infrastructure needed to support technology-based curriculum in our classrooms.

 

Grade Realignment

Currently in Marshall ISD, Washington Early Childhood serves all Pre-K and Head Start students, elementary schools serve grades K-4, middle schools serve grades 5-6, the junior high school serves grades 7-8 and the high school serves grades 9-12. The district will realign elementary schools to K-5 and junior high school to 6-8, removing the middle school level. This allows for better alignment with age-appropriate curriculum and state accountability standards, reduces the number of school transitions for students and provides operational cost savings.

Bond Projects

New Junior High School (Grades 6-8): $45,215,000

Approximately 182,000 square feet and a capacity of 1,300 students

To replace the existing Junior High School and be built on a new, central site

Option agreement to purchase new site on East Travis Street upon bond approval

(across the street from Eastern Hills Church of Christ and Reunion Inn Assisted Living Center and just west of Cumberland Presbyterian Church)

 

Three New Elementary Schools (Grades K-5): $61,425,000 ($20,475,000 per school)

Approximately 83,000 square feet and a capacity of 750 students each

To replace the district’s existing elementary and middle schools and be constructed at the existing sites of Crockett Elementary, Travis Elementary and Price T. Young Middle School

 

Renovations to Repurpose Sam Houston Middle School to a Grade K-5 STEM Academy: $2,570,000

Utilizing Sam Houston as the location for the STEM Academy gains additional capacity for the program and, when combined with the proposed three new elementary schools, will accommodate the district’s entire K-5 student population.

Security upgrades including a controlled vestibule, access control and surveillance upgrades

Building system and exterior improvements including HVAC upgrades and handicap accessibility improvements

Interior finish upgrades and new furniture

Total Bond proposal: $109,210,000

Tax information

Public school taxes involve two components: Maintenance and Operations (M&O), used to pay for salaries, utilities, furniture, supplies, food, gas, etc.; and Interest and Sinking (I&S), used to repay debt. Bond elections affect the I&S tax rate.

 

Having not funded projects through a bond election in thirty years, Marshall ISD has no debt and a current I&S tax rate of zero. When combined with the district’s M&O tax rate of $1.04, the total tax rate for MISD is $1.04 per $100 of certified property value.

MISD HIstorical tax rates

How does MISD compare?

Fiscal Year Ending (Aug 31)

 

2005/06

2006/07

2007/08

2008/09

2009/10

2010/11

2011/12

2012/13

2013/14

2014/15

Total

Tax Rate

 

$1.50

$1.37

$1.04

$1.04

$1.04

$1.04

$1.04

$1.04

$1.04

$1.04

District

 

Longview Pine Tree ISD

Longview ISD

Hallsville ISD

Sulphur Springs ISD

Texarkana ISD

Elysian Fields ISD

Harleton ISD

Mount Pleasant ISD

Tatum ISD

Waskom ISD

Carthage ISD

Beckville ISD

Jefferson ISD

Karmack ISD

Marshall ISD

M&O

 

$1.1700

$1.0400

$1.0400

$1.0400

$1.1700

$1.0400

$1.1700

$1.0400

$0.9467

$1.0400

$0.9000

$1.0100

$1.0400

$1.0400

$1.0400

I&S

 

$0.3850

$0.4730

$0.3430

$0.3105

$0.1690

$0.2430

$0.0800

$0.1720

$0.2233

$0.1150

$0.2400

$0.1100

$0.0634

Total Tax Rate

 

$1.5550

$1.5130

$1.3830

$1.3505

$1.3390

$1.2830

$1.2500

$1.2120

$1.1700

$1.1550

$1.1400

$1.1200

$1.1034

$1.0400

$1.0400

These are based on 2014/15 published tax rates and are subject to change at the district’s discretion.

Estimated tax impact

Home Value*

$50,000

$74,486 (Avg.)

$100,000

$150,000

$200,000

$250,000

$300,000

Est. Monthly Tax Increase

$6.04

$10.78

$15.71

$25.38

$35.04

$44.71

$54.38

The estimated maximum tax impact of the May 2015 bond package is anticipated to be 29 cents to the I&S portion, resulting in a total tax rate of $1.33. For an average home value of $74,486 (provided by Harrison CAD), this represents an increase of approximately $10.78 per month.

 

The chart to the right illustrates the estimated monthly tax increase to property owners in Marshall ISD from the passage of the May 9, 2015 election.

*Assumes 20 percent local tax exemption and $15,000 state homestead exemption.

To look up your home value, visit the Harrison Central Appraisal District website.

impact on senior citizens' property taxes

Under state law, the dollar amount of school taxes imposed on the residence homestead of a person 65 years of age or older, who has filed and received the Age 65 Freeze on their homestead, may not be increased above the amount paid in the first year after the person turned 65, regardless of changes in tax rate or property value. This excludes the value of any new improvements, such as additions or renovations that increase the value of such homestead.

 

Contact the Harrison Central Appraisal District with questions about the Over 65 Homestead Exemption. To download a copy of the Homestead Exemption form, click here.

©2015 Marshall ISD