PASADENA INDEPENDENT SCHOOL DISTRICT
Information Packet
BOND DOLLARS AT WORK Updates from the 2017 bond
2022 Bond Election Information Packet PASADENA INDEPENDENT SCHOOL
RED BLUFF ELEMENTARY Replacement Campus Cost: $24.8 Million Status: 100% Complete
Doors opened for students in August 2020
DISTRICT
2017 BOND DOLLARS AT WORK
2022 Bond Election Information Packet PASADENA INDEPENDENT SCHOOL
THOMPSON INTERMEDIATE
Replacement Campus Cost: $45 Million Status: 29% Complete The Thompson project will include 178,00-square-foot, two-story building. The campus is slated to open for the start of the 2023-24 school year.
DISTRICT
2017 BOND DOLLARS AT WORK
2022 Bond Election Information Packet
MAINTENANCE-OPERATIONS WAREHOUSE FACILITY
Cost: $18 Million Status: 67% Complete The maintenance-operations & warehouse facility will consist of two buildings. The facilities are slated to open summer of 2022.
2017 BOND DOLLARS AT WORK
BOND 2022
2022 Bond Election Information Packet
BOND 2022
In January 2022, the Future Facilities Committee met to research and prioritize a list of needed projects throughout Pasadena ISD. The group then presented their findings to the Pasadena ISD Board of Trustees. As a result, the Pasadena ISD Board of Trustees called for a Bond Election to fund $305 Million dollars in projects. The Board is now asking voters for permission to purchase bonds to complete the prioritized list of projects and improvements.
2022 Bond Election Information Packet
Message from Superintendent, DeeAnn Powell, Ed. D.
BOND 2022 PROPOSITIONS AT A GLANCE
BOND 2022
2022 Bond Election Information Packet
TOTAL BOND PROPOSAL WHAT IS A BOND? A school district borrows money in the form of bonds to finance such items as new schools, renovation and addition projects,
PROP-B $14,921,000
$305,000,000 PROP-C $8,810,000
buses and technology. School district bonds, like home mortgages, are repaid over time; however, for a school district to sell bonds, it must ask voters for approval through an election. Once voters give approval to the school district through a bond election, bond funds can only be used for the projects described. By law, money from the sale of bonds cannot be used to fund daily operating expenses such as salaries. WHY A BOND? The lifespan of a building, technology or instruments does not last forever. Bonds help a district maintain its schools and continue to provide the very best environment and tools for students.
PROP-A $281,269,000
BOND PROPOSITIONS
2022 Bond Election Information Packet
Pasadena ISD conducted a complete facility assessment in late 2021 that identified a total of $305 million in facility needs and organized them into three priority groups (Propositions A, B & C). Each proposition will be voted on individually as part of the bond package. The 2022 bond referendum will impact every school across the district and includes four campus replacements, new state-of-the-art safety equipment including new surveillance systems as an increased safety measure, new turf fields at each high school, improvements and renovations to the district’s existing softball complex and stadium track, new instruments, technology upgrades, water fountain bottle filling stations, new buses and much more.
$281,269,000
$14,921,000
$8,810,000
RECOMMENDED IMPROVEMENTS
2022 Bond Election Information Packet
PROPOSITION A
4 REPLACEMENT SCHOOLS MODERNIZE & RENOVATE SCHOOLS • Priority Replacement Schools include Williams, Jessup, • Heating, Ventilation, & Air Conditioning and/or Bailey, and Parks Building Automation System Replacements SAFETY & SECURITY IMPROVEMENTS • Video Management System • Roof Replacements (Security Camera) Replacement • Electrical Replacements • Access Control System Replacement • Plumbing Upgrades • Server/Switch Gear • Water Fountain Retrofits to Bottle Filling Stations • Fire Alarm Replacements • Flooring / Painting • Parking Lot Lighting Upgrades (LED) • High School Turf Fields • Intrusion Alarm Replacement • LED Lights - High Schools FINE ARTS • Scoreboards • K-12 Instruments & Musical Equipment • Auditorium Repairs & Replacements CAREER & TECHNICAL EDUCATION UPGRADES • Culinary Arts Infrastructure, Safety & Commercial Equipment • Career & Technical Education Classrooms & Lab Improvements TRANSPORTATION The listed projects and improvements were recommended by the 2022 Future Facilities Planning Committee. Some of the projects may include • New Buses & Improvements funding from sources other than bond funds. Completion of certain projects may take several years.
PROPOSITIONS B & C
2022 Bond Election Information Packet
• Technology & Innovation Device Refresh
•
Turf Field at Auxiliary Stadium
• Networking & Infrastructure
•
LED Lights Retrofit at Maguire Field, Auxiliary Stadium and Softball Complex
• Vehicles for Technical Services & Networking • District Cost after E-Rate Contribution
The listed projects and improvements were recommended by the 2022 Future Facilities Planning Committee. Some of the projects may include funding from sources other than bond funds. Completion of certain projects may take several years.
•
Replace Auxiliary Stadium Track
•
New Maguire Field Concession and Restrooms
•
Turf Field at Maguire Field and One Softball Complex Field
FISCAL ACCOUNTABILITY
2022 Bond Election Information Packet
FISCAL ACCOUNTABILITY
FISCAL ACCOUNTABILITY Score = 96 Rating = A-Superior Achievement Pasadena ISD has implemented 9 refunding and 2 prepayment programs to reduce the cost of voter-approved bonds which have generated more than $73.8 million of savings for district taxpayers since 2012. School Financial Integrity Rating System of Texas (FIRST): Pursuant to Subchapter D, Chapter 39 of the Texas Education Code, the state annually deploys a financial accountability rating system to distinguish the level of a school district’s financial performance based on certain uniform Criteria. Based on data for year 2019/20, the district was assigned a 2020/21 FIRST Rating of “A=Superior Achievement” and the District’s score was 96 out of a possible 100 points. Credit Ratings: The district also maintains independent ratings from certain nationally recognized credit rating agencies, such as Moody’s Investors Service and S&P Global Ratings that evaluate the district’s financial strength and its ability to pay its existing bonds. Moody’s Investors Service: Assigns an “Aa2” credit rating to the district, defined as “Judged to be of high quality and are subject to very low credit risk.” S&P Global Ratings: Assigns an “AA” credit rating to the district, defined as “Having a very strong capacity to meet its financial commitments.” State law allows for bonds to be financed for up to 40 years. However, Pasadena ISD limits the maximum term of bond issues to 30 years.
TAX RATE INFORMATION
TAX RATE INFORMATION
2022 Bond Election Information Packet
There will be no tax rate increase for seniors 65 and older or disabled due to the homestead exemption. Tax Code Section 11.13(c)
TAX RATE INFORMATION
2022 Bond Election Information Packet
To address the district priorities recommended by the Future Facilities & Planning Committee, which includes community members and parents, Pasadena ISD is requesting a Bond in the amount of $305,000,000 with a property tax rate change of $0.03.
$0.03 TAX RATE CHANGE
PROPOSITION A = $0.028 PROPOSITION B = $0.001 PROPOSITION C = $0.001 TOTAL TAX RATE = $0.03
2022 Bond Election Information Packet
TAX RATE INFORMATION
HOW WILL TEXAS PROPOSITION 2 AFFECT THE PASADENA ISD BOND TAX RATE? The Texas State Legislature referred two amendments to the ballot related to taxes: • A measure that would authorize the state legislature to reduce the limit on property taxes imposed on the homesteads of elderly or disabled residents to reflect any tax rate reduction enacted by law from the preceding tax year. • A measure to increase the homestead exemption for school district property taxes from $25,000 to $40,000.
*
*Based on the average cost of milk from Feb. 2022
TAX RATE INFORMATION
2022 Bond Election Information Packet
2021 DEBT SERVICE TAX RATE
Waller 0.4
Pearland 0.3956
Katy 0.39
Klein 0.38
Santa Fe Humble 0.3623 0.335
Channel View 0.3474
Galena Park 0.34
TX City 0.3379
Goose Pasadena Creek 0.31 0.325
VOTING INFORMATION
2022 Bond Election Information Packet
VOTING INFORMATION
REGISTER TO VOTE
https://harrisvotes.com/
LAST DAY TO REGISTER TO VOTE
Thursday, April 7, 2022
EARLY VOTING
April 25 – May 3
ELECTION DAY
Saturday, May 7, 2022