Bond News

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Moving Forward: Bond 2018

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The Round Rock ISD community approved the $508.4 million Bond proposition on the Nov. 6, 2018 ballot. Projects included in the Bond package are  a new elementary school to address explosive growth on the District’s northeast side;  expanding existing schools to replace portables and accommodate growth; a significant investment in modernizing both McNeil and Westwood high schools; crucial upgrades to campus security; replacing and upgrading aging and obsolete items and systems in older facilities (including roofing, HVAC; electrical and plumbing upgrades); replacing out-of-date technology; and building new facilities to accommodate growth.

Currently, District Departments are planning to responsibly roll out projects by following a thorough planning process for design and permitting which will be followed by implementation or construction. The planning and design process for each project can take anywhere from a few weeks to months to solidify and our District follows these processes to ensure that projects are completed as soon as possible while using taxpayer funds responsibly.

Financial Reports

To see how individual campuses will be affected, use the drop-down menus below.

PROJECTED BOND 2018 OVERVIEW BY YEAR

What are bonds?

A bond is a debt instrument in which an investor loans money to the District. The proceeds from the bond are used to finance capital projects and other long term items. The District repays the principle of the bonds, along with interest, over a period of time. School districts can only sell bonds if authorization is received by voters.

Bond dollars are not part of the District’s operating budget; they cannot be spent on any initiative or program that is not explicitly identified in the bond proposition, such as teacher salaries.

Additionally, bond dollars are not subject to recapture. Recapture, or “Robin Hood” is a state law that requires RRISD to send money to the state each fiscal year out of its operating budget—this year more than $30 million. Bond dollars are $1 for $1 investment in Round Rock ISD; the state can’t take bond dollars as part of recapture.

QUESTIONS ABOUT SCHOOL BOND 2018?