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MISD Calls for Bond


Posted Date: 01/31/2021

MISD Calls for Bond

MALAKOFF INDEPENDENT SCHOOL DISTRICT

News Release

January 30, 2021

 

On Wednesday, January 27, 2021, the Board of Trustees unanimously approved calling for a bond election to be held on May 1, 2021. The action by the Board of Trustees followed a recommendation by the Long-Range Planning Committee in January.

The Long-Range Planning Committee was comprised of 27 members representing a cross-section of the Malakoff community.  During this school year, the Committee met five times with the charge to study the facility needs and long-range plans of the District and to provide a recommended course of action from the findings. The Committee averaged over 20 members at each meeting and arrived at a consensus plan presented to the Board of Trustees during the regular board meeting on January 21, 2021.  The Board of Trustees conducted a special called meeting on January 27, 2021, for training and reviewing the plan to formally call for the election.

The Long-Range Facility Plan, as developed by the Committee and the Board, includes one bond proposition. The total for this bond proposition is $72 million, and if the voters approve the proposition, the average homeowner, for a $200,000 house, in the District will see a school tax increase of $24.43 per month.  There will be no tax increase above the frozen level on the homestead of taxpayers 65 years of age and older who have applied for and received the “age 65 freeze of school homestead taxes.”

 If approved by the voters, the bond will be used to finance the construction of a new High School, renovations to the existing Middle School, and various district-wide capital improvements on all other campuses. Any bond proceeds used for capital items will be amortized over a short period of time and for a period less than the useful life of these capital items as required by law.

If anyone has any questions or would like more information regarding the bond program, they may call the School Administration Office at (903) 489-1152 or send an email to yadira.chairez@malakoffisd.org.