UPDATE: The Broaddus ISD $13.5 million bond passed with 269 voting for and 231 voting against on May 6.
BROADDUS, Texas (KETK) – Broaddus ISD will hold a bond election on Saturday, May 6, for a $13.5 million bond proposal.
The ballot text will be as follows:
“The issuance of $13,500,000 of bonds by the Broaddus Independent School District for the school facilities (including a new gym, administration building, and bus/maintenance building) and the levying of a tax in payment thereof. This is a property tax increase.”
If approved, the bond would fund the following projects:
- Administration building
- Transportation/maintenance facility
- Energy-efficiency initiatives
- Safety and security projects
The district said officials conducted a thorough review over several months of the potential costs of the proposed projects, and said the average taxpayer will not see a tax increase.
The debt service tax rate will increase by 20 cents per $100 of property valuation, and for an exact measurement, the district has provided a tax rate calculator.