Many Dallas County voters will be asked to consider approving a nearly $4 billion bond package for the Dallas ISD this year, the largest such package in Texas history.
According to officials, the nearly $4 billion combined bond packages on the November ballott will touch nearly every building in the state's second-largest school district over the next decade, including over $1.9 billion allocated for modernizations and renovations.
Dallas ISD says ten new facilities and 14 replacement campuses would be constructed with the money from the bonds.
Dallas ISD Board trustee Miguel Solis says this is badly needed saying despite having to put language on the ballot which says, "THIS IS A PROPERTY TAX INCREASE," he says the district's property tax rate would not change if the bond is passed.
Those comments likely refer to the fact that the tax rate will not change if the propositions pass, although taxpayers will still be liable for repayment of the bonds via property taxes, according to The Texan.
Proposition A: A $3.3 billion bond for "construction, acquisition, and equipment of school buildings and for the purchase of necessary sites for school buildings."
*Like all of the propositions, Proposition A would also authorize repayment of the borrowed cash via the levying of property taxes "without limit as to rate or amount." according to The Texan.
Proposition B: A $270 million to pay for technology equipment.
Proposision C: $53.3 million designated for "improvements and renovations" to Dallas ISD stadiums.
Proposition D: $66.1 million for a performing arts facility.
Proposition E: $33.5 million for natatorium renovations and improvements.
At the close of Fiscal Year 2019, DISD taxpayers already owed $3.8 billion, according to the most recent data available.
