The $2.8 billion bond package includes $94 million for a new football stadium.
Voters line up to cast their ballots on Election Day at Prosper Town Hall, Tuesday, Nov. 7, 2023, in Prosper.for Prosper Independent School District’s $2.8 billion bond package, which includes $94 million for a new football stadium, show 50.75% of voters voted against the stadium bond.
Valerie Little, the district’s executive director of athletics and student engagement, highlighted that a new stadium would help manage events as the district— Prosper ISD currently has three high schools and plans to open a fourth in summer 2025, with a fifth high school planned for 2028 and a sixth possibly in 2031. The district will go from having one high school to four high schools in six years due to the rapidity of the increase in student enrollment.
Taxpayers will not bear the burden of the bonds because their cost is covered by growth of increased taxable income from new construction, an expanded commercial tax base, new homes and growth on existing property, according to the Yet, some voters still worried the bond would cause taxes to increase. If property appraisals — issued by an appraisal district — continue to skyrocket, taxes could go up.
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