A bond is similar to a home mortgage. It is a contract to repay borrowed money with interest over time. Bonds are sold by a school district to competing lenders to raise funds to pay for the costs of construction, renovations and equipment. Most school districts in Texas utilize bonds to finance renovations and new facilities.
Bond funds can be used to pay for new buildings, additions and renovations to existing facilities, land acquisition, technology infrastructure and equipment for new or existing buildings.
Bonds cannot be used for salaries or operating costs such as utility bills, supplies, building maintenance, fuel and insurance.
On January 24, 2022, school board trustees accepted the LRPC recommendation and called a May 2022 bond election for voters to decide. Click here for a recap of the board meeting.
You must register to vote at least 30 days before Election Day to be eligible to vote in this election.
Your last day to register is April 7, 2022.
For information on how to register or to update your registration information, go to www.votetexas.gov/register-to-vote/update-voter-registration.html.
You are eligible to register to vote if:
- You are a United States citizen;
- You are a resident of the county where you submit the application;
- You are at least 17 years and 10 months old on the date your voter registration application is submitted, and you are 18 years of age on Election Day.
- You are not a convicted felon (you may be eligible to vote if you have completed your sentence, probation, and parole); and
- You have not been declared by a court exercising probate jurisdiction to be either totally mentally incapacitated or partially mentally incapacitated without the right to vote.
Facility Project & Campus Alignment Proposals
The bond proposal includes a new Granbury High School campus for 3,500 students with career and technical education as well as athletic components.
The plan would lead to the conversion of the existing GHS and middle schools into a junior high and elementary campuses respectively.
Baccus Elementary would become a second early learning academy for full-day pre-kindergarten.
Renovation of all current elementary schools would also be included.
A new high school campus will is planned to be built at property at 4734 Acton Highway (FM 4) near the intersection of James Road.
Preliminary plans would allow access to the campus from both Acton Highway and James Road as well as a planned four-lane road called Hurricane Fly, which will extend from Fall Creek Highway through the Saratoga subdivision and then just north of the current Acton Middle School campus and connecting to Acton Highway on the west.
The district will construct a two-lane road on the west side of the school for additional traffic flow. In addition, there will be an inner loop on campus to help with traffic flow.
Local school district funding comes from two tax sources: Maintenance & Operations tax rate and Interest & Sinking tax rate.
The Maintenance & Operations tax rate covers personnel, supplies, utilities, fuel, insurance, and other operating expenses.
The Interest & Sinking tax rate (or debt tax rate) covers things like facilities, land, technology infrastructure, school buses, equipment, and other capital assets. Bonds are financed through this fund, which cannot be used for normal operating expenses.
There is a difference between building a school and providing staff and programs (academics, career and technical education, athletics, fine arts, etc.).
Granbury ISD's overall tax rate is among the lowest in this area.
The current tax is $1.0888 (per $100 of property valuation).
Click here to see a comparison.
Under state law, the dollar amount of school taxes imposed on the residence homestead of a person 65 years of age or older may not be increased above the amount paid in the first year after the person turned 65, regardless of changes in tax rate or property value.
Click here to read more information
In addition to the May 7 school bond election, the state is also holding an election with a proposed state constitutional amendment that would raise the homestead exemption for school property taxes from $25,000 to $40,000.
If approved by voters, all Texas homeowners who have the homestead exemption would receive tax relief because the homestead exemption for school district property taxes would increase from $25,000 to $40,000.
The amount of taxes you owe would be calculated at an amount that is $40,000 below your home’s appraised value.
Only Maintenance & Operations taxes are subject to the "Robin Hood" or "recapture" provisions in state law, which requires property-wealthy school districts to redistribute funds to less-wealthy school districts.
Bond elections impact Interest & Sinking taxes, which are separate and are NOT subject to "Robin Hood" or "recapture." So, if approved by voters, 100% of funds would remain in Granbury ISD for the facility improvement projects.
Although not facility construction projects, the district is planning several program changes in academic and other initiatives:
- investment in early childhood education for full-day pre-kindergarten for all students, smaller class sizes, and district-wide reading and literacy initiatives
- parent choice among elementary campuses
- free dual credit and dual enrollment classes for all high school students
- expansion of career and technical education program for aviation, construction science, and Granbury Marine Corps JROTC
- facilitation of a community youth sports program