A year after voters soundly rejected a nearly $400 million bond package, Medina Valley ISD is again asking voters to pass a bond to help the school district keep up with exploding enrollment.
The bond would require a 2.8-cent increase in the school district’s tax rate, raising the annual tax bill on a house with a taxable value of $200,000 by $56.MVISD officials expect enrollmentfrom 8,493 students in the 2023-2024 school year to 15,628 in the 2032-2033 school year - an 84% increase over 10 years. They say the district will need several new schools at every level to cope with the growth.
Despite having two fewer schools and no football stadium in this year’s proposal, its price tag is only $21 million less than the 2022 package. The bond proposal also includes $30 million to buy land for future campuses. More bond proposals are expected to follow this one, though Caloss said the district will hit a state-imposed cap on the portion of its tax rate that covers debt payments.
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