Thank You LISD Voters!
Frequently Asked Questions1. How is a school district funded?
Your public schools are funded by local property tax dollars (the school tax bill you pay annually) and are collected and managed in two accounts, or budgets.
- The Maintenance and Operations (M&O) budget funds operations, including such things as salaries, learning materials, utility bills, insurance, fuel, transporation and cleaning supplies.
- The Interest & Sinking (I&S) budget funds the design, construction, expansion and/or renovation of school buildings and may also be used to purchase school buses and technology. School districts must seek voter approval in the form of a bond election to fund these projects.
2. Are there restrictions on how M&O and I&S funds can be used?
3. How is the tax rate set?
4. What is a bond election?
5. Why would a school district borrow money to build?
- School districts do not have funds available in their regular operating budget to build schools and the state offers no funding support for such projects. In the same way a homeowner borrows money in the form of a mortgage to finance the purchase of a home, a school district borrows money in the form of bonds to build schools.
6. How many students does LISD serve?
7. Why do we need to invest money in our school buildings?
8. Doesn’t commercial growth offset the need for additional taxes to fund construction?
9. What did LISD voters approve in the 2008 bond election?
10. What if the 2008 LISD bond election had failed?
11. What projects were funded and completed with 2008 bond dollars?
12. Why did the district decide to rebuild Lewisville High School?
13. Why has LISD invested funds in technology infrastructure?
14. Have the facilities improvements addressed energy efficiency?
15. Why did LISD request funds for a new stadium?
16. Which of the projects in the bond plan were tabled for future consideration?
17. Why were some of the projects so far under the original budget?
18. How did LISD determine what to include in the 2008 bond election?
19. What was the tax impact of the 2008 bond election?
20. How did the bond election affect taxes for senior citizens age 65 or over?
21. How long does the district have to repay the bonds?
22. Have my school taxes increased, decreased or remained steady?
23. Did the economic downturn affect the bond plan?
24. Why do we acquire land and not build a school on it immediately?
25. Could we have used some bond money to hire more teachers?
26. What’s wrong with a 50 year old school building?
27. When was the last bond election?