CISD Trustees Call BOND ELECTION

For May 2023

Coppell ISD has a long history of engaging parents, students, teachers and staff, and the community at large in its decision-making processes, including the Strategic Design initiative in 2017, the Long-Range Facilities Committee in 2019-2020 and the Visioning Committee in 2020-2022.

In August 2023, the CISD Board of Trustees created a Bond Steering Committee, consisting of parents, students, staff members and community volunteers, for bond planning work. Trustees charged the Bond Committee to analyze, prioritize and recommend options and funding requirements through 2028 for facilities and other capital projects.

The two co-chairs of the Bond Steering Committee — community member Jim Walker and CHS student Dilan Patel — shared the Bond Steering Committee’s recommendations to the Board of Trustees on Jan. 23. Consultant Cindy Powell with Cooperative Strategies and CISD Executive Leadership recommended separating these recommendations into two parts. Trustees held a Board Workshop on the Bond on Feb. 6, and on Feb. 13, the CISD Board of Trustees called a Bond Election to take place on May 6, 2023.

WHAT IS A BOND?

Texas independent school districts issue bonds to pay for capital expenditures. School district bonds are similar to a home mortgage in that the borrower repays the lender, in this case, investors, over time and in accordance to the terms of the bond sale. Districts repay the bonds through revenue generated from property taxes collected by the district.

HOW CAN BOND DOLLARS BE USED?

School districts may issue bonds to pay for the construction, acquisition and renovations of school buildings; acquisition of sites for school buildings; purchasing equipment for school buildings, buying buses and other capital expenses.