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Bond 2023 Frequently Asked Questions

QUESTIONS ABOUT THE BOND

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.
School districts are required by state law to ask voters for permission to sell bonds to investors in order to raise the capital dollars required for projects such as renovation to existing buildings or building a new school. Essentially, the voters are giving permission for the District to take out a loan and pay that loan back over an extended period of time, much like a family takes out a mortgage loan for their home. A school board calls a bond election so voters can decide whether or not they want to pay for proposed facility projects.
The most recent bond election was in May 2018, which was approved by the citizens of Andrews. The 2018 $50 million bond package was a rolling bond and funded technology, facility projects, and transportation and also included the construction of an AISD Agricultural Barn/Facility.

Visit the Bond 2023 website to see a breakdown of each proposition and more information about the Bond 2023. 

AISD is complying with new Texas legislation, which requires school districts to have separate propositions for certain projects such as athletic upgrades and technology improvements. The ballot will contain three propositions, including Proposition A, Proposition B and Proposition C. 

Yes. Voters should record their vote in each of the three bond propositions on the ballot.

No. The bonds do not cost the district anything until they are sold. Voter approval is simply an authorization for the district to issue bonds. Bonds would be sold in the future as needed to fund the projects. 

QUESTIONS ABOUT TAXES

AISD’s current Maintenance & Operations (M&O) Tax Rate is $0.86 and its Interest & Sinking (I&S) Tax Rate is $0.14 for a total tax rate of $1.00, the lowest it has been in over a decade. Visit the Bond 2023 website to learn more about school taxes.

If all three propositions are approved, the AISD tax rate will increase by an estimated $0.06.  If only one or two propositions (of the total three) are approved then the estimated tax increase would be lowered accordingly.

State law requires this language on all school bond referendums. If economic conditions in the district became adverse, the district would be legally required to levy an I&S tax rate sufficient to repay the bonds. Equally if the conditions improve the I&S tax rate could be reduced accordingly.

QUESTIONS ABOUT VOTING

Any registered voter who lives within the AISD boundaries — and whose voter registration is based on their current AISD residence — is eligible to vote in this bond election.
The deadline to apply for voter registration is April 6 in order to vote in the May 6, 2023 election.
All voters can vote at the Andrews ISD Tax Office.