Grapevine-Colleyville district officials are hosting bond election information meetings over the next several weeks.
Voters will decide May 7 on a bond package of almost $249 million.
The proposal is designed to address growth, aging buildings and equipment, security, technology and modern amenities. Big ticket items include replacing Cannon Elementary School which has foundation issues, building multipurpose indoor practice facilities at the two high schools and classroom additions at three campuses.
If approved, the bond would raise the school tax rate by 12.81 cents, from $1.32 per $100 of assessed value to almost $1.45. For a resident with a home valued at $300,000, the annual increase would be about $384.
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Superintendent Robin Ryan said that officials propose a bond about every five or six years to address improvements and major repairs. As a property wealthy Chapter 41 district, Grapevine-Colleyville must send to the state a portion of the taxes it receives for daily operations, but the district keeps all the revenue raised by bonds.
This is Grapevine-Colleyville’s largest bond, almost double the last issue approved by voters in 2011.
The meetings begin at 6 p.m.:
- March 22 at Heritage Middle School, 5300 Heritage Avenue, Colleyville
- March 31 at Colleyville Middle School, 1100 Bogart Drive, Colleyville
- April 5 at Cross Timbers Middle School, 2301 Pool Rd, Grapevine
For more information, go to gcisdbond2016.com.