MFISD seeks $6.55 million bond election
August 29, 2013, 6:50 am by Emily Zendt
Marble Falls’ voters in November will get the chance to weigh in on the approval of a $6.55 million bond package for renovations and construction of Marble Falls school buildings, new equipment and technology updates.
If passed, the bond package would have no effect on property taxes, said Dr. Rob O’Connor, superintendent of Marble Falls Independent School District
Early voting will be from Oct. 21 through Nov. 1. The bond election will be Tuesday, Nov. 5.
The district is able to call for the bond without raising taxes because they plan to use about $3.4 million from its Interest and Sinking fund, which can only be used for bond repayments. If the bond is passed, the district plans to use funds to repay part of the bond.
The proposal outlines $3.4 million for technology updates that include increasing network and Internet infrastructure; $2.4 million for career and technology program improvements; $300,000 for band instruments; and $450,000 for improvements to the baseball field and softball fields.
The school board voted unanimously in favor of calling the bond election and approved a $36,538,470 budget for 2013-14 and a tax rate of $1.28 per $100 valuation, which is the same as the current year. A home on the tax rolls at $100,000 would pay $1,280 in taxes.
"We’re just trying to budget smarter,” said O’Connor.
"I think that this is one of the most exciting things we’ve done since I’ve been on the board, and I’ve been on the board for 12 years,” said Vice President Karl Westerman.
For the full story, see the weekend edition of The Highlander.
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