Katy's Independent School District's Board of Trustees have accepted a bond package recommendation by the School Facility Referendum Planning Task Force and called for a November 2nd bond election. The $459.7 million 2010 bond package was first presented to the board on July 12.
The authorization of the bond package would fund the building of new schools including three elementary, one junior high and one high school. Funds are also set aside for other capital project expenditures such as new buses, portable classroom buildings, land for future schools and costs associated with selling bonds. Substantial money will also be spent on upgrading technology and renovating existing schools and facilities.
With the $459 million authorization, it is projected that the tax rate will stay the same for the next two years, then increase by $.01 in 2012, and another $.03 for the 2013 and 2014 tax years. After 2014, the tax rate will begin to decrease.
For up-to-date detailed information about the 2010 Bond Referendum, visit Katy ISD's "2010 Bond Referendum" page.
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