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NEW CAMPUS PARKING & SECURITY CONCEPT
Planning for the Future
Cross Roads Independent School District
Proposed Bond Election
November 6, 2012
Called Bond Election to Address
Facility Needs
The Board of Trustees of the Cross
Roads Independent School District is
asking the voters to authorize the
issuance of $5,995,000 in new bonds
for construction in the District.
During these At the current time, it is very
economic times, cost effective to build. Interest
why is the District
calling a bond rates for school bonds are at
election? an all time low, and the cost of
construction is the lowest it
Bonds can only be
approved by voters has been in years. If the Bond
at the May or is approved, the funds would
November state- be received about 6 weeks
wide uniform
after the sale.
election date.
How Will This Bond Election
Impact the Taxpayers of CRISD?
This chart demonstrates the projected impact for various taxable home values,
with the average home value in the District at $58,417.00.
Market Home Current 2013-2014 2014-2015
Value Value (Annual) (Annual) (Annual)
(After $15,000
Exemption)
$ 50,000 $ 35,000 $ 379.79 $ 448.81 $ 448.37
$ 73,417 $ 58,417 $ 633.88 $ 749.08 $ 748.35
$ 100,000 $ 85,000 $ 922.34 $ 1,089.96 $ 1,088.89
$ 125,000 $ 110,000 $ 1,193.61 $ 1,410.53 $ 1,409.15
$ 150,000 $ 135,000 $ 1,464.89 $ 1,731.11 $ 1,729.62
$ 175,000 $ 160,000 $ 1,736.16 $ 2,051.69 $ 2,049.68
Increase Increase Decrease
Begins
Indicates Average Home Value in District
The new bonds, if approved by the voters,
will require a projected tax increase of no
more than $9.58 monthly on an average
home value of $73,417. The actual cost will
depend on the District’s future property
values and the actual interest rates received
on the bonds.
At the same time that the new bonds are issued, the
District will refund some outstanding bonds for an
estimated savings of over $200,000;
The Districts’ current debt will be fully repaid in 2025;
The new bonds will be fully repaid in 2027.
CRISD Tax Rate Chart
TAX RATE M&O RATE I&S RATE TOTAL TAX RATE
2002 1.3272 0.1678 1.4950
2003 1.3810 0.1556 1.5366
2004 1.4090 0.1900 1.5990
2005 1.4090 0.1900 1.5990
2006 1.3000 0.1780 1.4780
2007 1.0250 0.1510 1.1760
2008 1.0400 0.1045 1.1445
2009 1.0400 0.0391 1.0791
2010 1.0400 0.0377 1.0777
2011 1.0400 0.0451 1.0851
2012 1.0400 0.0504 1.0904
Facilities Included in the
Proposed 2012 Bond Election
New Vocational Two New
Science Improved
Agricultural
Labs/Classrooms Parking and
Center with and a Multi- Campus Security
Classrooms Purpose Facility
New Vocational Agricultural Center
New 6,720 SF Facility
Office and Classrooms
Welding/ Mechanics Shop
Paint Booth
Tools & Project Storage
Restrooms
Covered Material Storage Area Outside
VOCATIONAL AGRICULTURAL CENTER CONCEPT
Multi-Purpose Facility
Two Science Lab/Classrooms to meet current
TEA standards.
Multi-Purpose Facility which will be available for
use by Elementary, Middle and High School
Students and the Community as a venue for
hosting both school and community events.
These events will generate visibility for the
community and could possible generate
revenue.
MULTI-PURPOSE FACILITY CONCEPT
Improved Parking and
Campus Security
• New Parking Areas will increase
Security for Students, the Community
and Visitors to the Campus
• It will also provide an All-Weather
Practice Area for Band Members
NEW CAMPUS PARKING & SECURITY CONCEPT
The only way Cross Roads ISD can afford
the funds to build these facilities is
through a Bond Election.
Currently, there are no State or Federal
Funds available for this project, hence the
alternative source is through local
property taxes.
School districts are operated using two funds:
M&O and I&S
How are they used?
M&O Maintenance and Operations funds are for
salaries, instructional materials, utilities,
and daily operations.
I&S Interest and Sinking Bond funds can
only be used for capital improvements,
not for salaries or daily operations.
Keep our $ at CRISD
The I&S Bond funds are
The State requires Cross NOT subject to “Robin
Roads ISD to send a Hood”, so 100% of the
portion of our M&O and money approved in a
I&S tax revenue to the bond election stays in
State for redistribution our District.
under Chapter 41 to other
districts.
This is referred to as
“Robin Hood” payments.
What is a School Bond?
Bonds are contracts purchased by investors. They
are sold to lenders to raise funds to pay the cost of
construction for new buildings, additions and
renovations of existing facilities. They are also used
to purchase land and equipment for new or existing
facilities and technology upgrades. Bonds CANNOT
be used for personnel or operating costs.
Cross Roads ISD will have a contract with the lender
to repay these funds over a period of years with
semi-annual payments.
How do we determine the course to be taken
to meet the needs of CRISD Students?
We have listened to the requests of the
community and have reviewed a facility plan
that addresses the current and long range
needs of the students of CRISD.
6
How long will it take to build the facilities
if the bond passes?
If the bond is approved by the voters,
construction could begin as early as
March 2013 with
completion by early 2014.
If I am 65 years of age,
what does this mean for me?
School taxes on the Homestead of a
person 65 years of age or older, are
frozen by state law and WILL NOT Total Tax Impact to a Taxpayer
INCREASE once the proper who has the
Homestead exemption form is filed “65 And Over Homestead
with the County Tax Appraisal
District … unless …
Exemption” =
The owner makes substantial
improvements to the property (i.e.,
$O
a new room, swimming pool, etc); at
which time it would be reappraised
and then the taxes frozen at the new
level.
GET THE FACTS FROM THE DISTRICT
• Attend the Community Bond Meeting on Monday, October
8, 2012 at the CRISD High School Auditorium where we will
discuss what the Bond Election will include and answer any
questions.
• Talk with the School Board Members: Mr. Scott
Huddleston, Mr. Darren Himes, Ms. Pam Cole, Mr. Larry
Scoggin, Mr. Gayle Harmon, and Mr. Keith Pryor.
• Contact the Superintendent, Mr. Clay Tompkins. You can
call the administrative offices at 903.489.2001 or visit the
offices at 14434 FM 59 for more information.
• Please also visit the Website www.crossroads.org
VOTING … HOW, WHEN AND WHERE
REGISTRATION: Voters must be a resident of the District for at least
30 days prior to the election and have their voter
registration card post marked no later than 30 days
prior to the date of the election.
VOTE BY MAIL: Ballot application request may obtained from the
Henderson County Election Center, 201 East Larkin St.,
Athens, TX 75751-2020. The request must be received
in their office no later than October 30, 2012. The
ballot must be returned by 7PM on Tuesday,
November 6, 2012.
EARLY VOTING
MONDAY THRU FRIDAY, OCT. 22 - NOV. 2, 2012 8AM-5PM
SATURDAY, OCT. 27, 2012 8AM-5PM
SUNDAY, OCT. 28, 2012 1PM-5PM
HENDERSON COUNTY ELECTION CENTER
201 EAST LARKIN ST., ATHENS, TX 75751
MONDAY THRU FRIDAY, OCT. 22 - NOV. 2, 2012 8AM-4PM
SEVEN POINTS CITY HALL
428 EAST CEDAR CREEK PKWY, SEVEN POINTS, TX 75143
MONDAY THRU FRIDAY, OCT. 22 - NOV. 2, 2012 8AM-5PM
CHANDLER COMMUNITY CENTER
811 HWY 31 EAST, CHANDLER, TX 75758
ELECTION DAY
7AM-7PM TUESDAY, NOV. 6, 2012
MALAKOFF CITY HALL—PCT. 1 M
109 S. MELTON DR., MALAKOFF, TX 75148
WILLOW SPRINGS BAPTIST CHURCH—PCT. 1 CR
11566 F.M. 59, ATHENS, TX 75751
SHADY OAKS BAPTIST CHURCH—PCT. 4 W
9536 F.M. 59, ATHENS, TX 75751
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