Lindale ISD 2018 Bond

OCT. 22 - NOV. 2 ELECTION DAY

NOVEMBER 6, 2018 7 A.M. - 7 P.M.

Main Polling Location: Lillie Russel Memorial Library 200 E. Hubbard St. Lindale, TX 75771

MIKE COMBS, PRESIDENT ROBERT MCGEE, VICE-PRESIDENT DONNY WILLIAMS, SECRETARY GARY CAMP, MEMBER KENNETH CLINE, MEMBER KELLY COX, MEMBER BROOKS BEELER, MEMBER

LINDALE ISD ADMINISTRATION STAN SURRATT, SUPERINTENDENT OF SCHOOLS JAMIE HOLDER, DEPUTY SUPERINTENDENT FOR MORE INFORMATION, VISIT WWW.LINDALEEAGLES.ORG/ BOND2018 LINDALE ISD ADMINISTRATION OFFICE 505 PIERCE STREET LINDALE, TX 75771 PHONE: (903)881-4001 FAX: (903) 881-4004 PREPARED BY LISD DIRECTOR OF COMMUNICATIONS

DNOB 8102 DSI ELADNIL

REWOP SI EGDELWONK EARLY VOTING

LINDALE ISD BOARD OF TRUSTEES

WHY WAS THE BOND ELECTION CALLED? - LINDALE ISD HAS GROWN FROM 2,573 STUDENTS TO 4,075 STUDENTS IN 18 YEARS. - LINDALE HIGH SCHOOL IS PROJECTED TO SOON EXCEED CORE & STUDENT CAPACITY. - AT CURRENT RATE OF GROWTH, LINDALE ISD IS PROJECTED TO HAVE 5,000 STUDENTS IN JUST 10 YEARS. - IMPROVE AND EXPAND EXTRA-CURRICULAR FACILITIES

WHAT IS PROPOSED IN THE BOND ELECTION? THE PROPOSITION CALLS FOR SECURITY ENHANCEMENT ACROSS THE DISTRICT, EXPANSION AT LINDALE HIGH SCHOOL, INCLUDING 23 ADDITIONAL CLASS ROOMS, CAFETERIA EXPANSION, AN AUXILIARY GYM & EXTRA-CURRICULAR IMPROVEMENTS. THOSE IMPROVEMENTS INCLUDE CONSTRUCTION OF A MULTI-PURPOSE ACTIVITY CENTER AND RENOVATIONS AT EAGLE STADIUM.

WHAT IS A BOND ELECTION? IN A BOND ELECTION, VOTERS AUTHORIZE OR DO NOT AUTHORIZE THE SCHOOL BOARD TO BORROW MONEY TO FINANCE THE CONSTRUCTION OR RENOVATION OF SCHOOLS THROUGH THE ISSUANCE OF BONDS.

TOTAL BOND REQUEST: $32.4M HOW WILL THE BOND BE USED? - 23 ADDITIONAL CLASSROOMS AT LINDALE HIGH SCHOOL - CAFETERIA EXPANSION AT LINDALE HIGH SCHOOL - SECURITY ENHANCEMENTS (DISTRICT-WIDE) - AUXILIARY GYM AT LINDALE HIGH SCHOOL - MULTI-USE ACTIVITY CENTER - SEATING, CONCESSION, RESTROOM & PARKING RENOVATIONS AT EAGLE STADIUM

WHY .AIEXPANSION RETEFAC EHT NIAT DNATHE SYAWLLAHHIGH NI GNISCHOOL? DWORC-REVO ECUDER PLEH LLIW NOITCURTSNOC DESOPORP - BASED .YTICAPON ACSTUDENT EROC DEEENROLLMENT CXE NOOS PROJECTIONS, LINDALE HIGH SCHOOL LLIW LOOHCS HGIH ELADNIL ,SNO ITCEJORP WILL SOON EXCEED CORE CAPACITY. TNEMLLORNE TNEDUTS NO DESAB - PROPOSED WILL ? LCONSTRUCTION OOHCS H GHELP I H EREDUCE H T T A OVER-CROWDING N O I S N A P X E YIN HW HALLWAYS AND IN THE CAFETERIA.

WHAT WILL IT COST?

.NOITPMEXE DAETSEMOH U L C N I . ) 6 5 4,07FOR 1$ SI DSENIORS SI ELADNIL EHT S E D NO TAX IMPACT EMOH OLDER EGAREVAWITH EHT( HTNOM NI EULAV AND 65 YEARS E P 5 $ F O E S A E R C N I E GAREVA NA R APPROPRIATE EXEMPTION THE MAXIMUM TAX RATE IMPACT OF THIS DNBE OB SIHT DETAMITIS SEPROJECTED SI NOITCELETO EB OT BOND ELECTION FO TCAPMI ETAR XAT DETCEJORP EHT FOUR CENTS.

NOITP M E X E EOF T A$4.85 I R PPER ORPPA - AN AVERAGE INCREASE H T I W R E D L O D N A S R A EIN Y 56 MONTH (THE AVERAGE HOME VALUE R O I N EISD S RISO$170,456).

F T C A PINCLUDES MI XAT ON THES LINDALE HOMESTEAD EXEMPTION. ?TSOC TI LLIW TAHW

DID YOU KNOW? THE LINDALE ISD BOARD OF TRUSTEES HAS REDUCED THE I/S TAX RATE 9.5 CENTS SINCE 2011.

HOW DOES THIS BOND COMPARE TO OTHER SUCCESSFUL AREA BONDS? DISTRICT BOND TAX RATE YEAR AMOUNT INCREASE LINDALE $32.4 M $0.04 2018 (PROPOSED) WHITEHOUSE $94.8 M $0.22 2017 TYLER $198 M $0.03 2017 VAN $13.2 M $0.06 2015 BULLARD $40 M $0.20 2015