In fall 2023, Lewisville ISD asked voters to consider the approval of a bond proposition that would support maintenance, repairs and renovations to LISD campuses and facilities. On Nov. 7, 2023 voters approved a majority of the district's nearly $1.23 billion bond referendum. The Voter-Approval Tax Rate Election (VATRE), Proposition A, was also approved and added an additional $37.5 million annually to the operating budget to help sustain competitive staff pay and maintain student instructional opportunities and programs of choice. The passing of Bond Propositions B and C represented $1,030,177,000 of the total proposed bond package of $1,229,620,000. 

Development of the bond proposal involved an in-depth process of information gathering, research, and community input. Lewisville ISD collected data from a district-wide facilities assessment, a technology device committee, campus and department staff interviews, and a transportation audit. In April 2023, district leaders assembled the One Vision Task Force, a group of more than 70 stakeholders charged with developing a plan and potential bond package that was recommended to the LISD Board of Trustees for consideration, who then called for the six bond proposals and the VATRE to be included on the Nov. 7 ballot for LISD residents.

The Board and district administrators reconvened the One Vision Task Force in early spring 2024 to hear input about how to address the maintenance, repairs and renovations left outstanding as a result of the fall election, and the Board decided to ask voters for their approval of these proposals during the May 4, 2024 general election. Voters approved all three propositions which included projects to address needs related to athletics and recreation, LISD’s two existing aquatic centers, and all five existing high school stadiums.