New Barbers Hill Facility

[Clueless]

BH about to build a new field house along with new football locker rooms. $95 million bond to be voted on in May

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[EagleFan1982]

Has anyone seen a rendering? Would like to know what I am voting for?

[mat]

Amazes me how districts can do these projects with no tax increase.

[kirkwood29]

14 minutes ago, mat said:

Amazes me how districts can do these projects with no tax increase.

Districts where the household median income is $127,900 ?  I know, right. 

[kirkwood29]

13 minutes ago, mat said:

Amazes me how districts can do these projects with no tax increase.

I'd love to see improvements made to our athletic facilities.   But, unfortunately, I have been told the money is just not there.

[oldman]

Just now, kirkwood29 said:

I'd love to see improvements made to our athletic facilities.   But, unfortunately, I have been told the money is just not there.

What district you referring to?

[kirkwood29]

Just now, oldman said:

What district you referring to?

HF

[EagleFan1982]

1 hour ago, mat said:

Amazes me how districts can do these projects with no tax increase.

Don't believe everything you read.  They say "no tax increase," but the city/county raises value of your house/property.  Thus, your property taxes total goes up.  The school doesn't change the decimal...  

 

You might ask, how does this always happen?  This must be a coincidence that your land value goes up every time a bond passes.  Yeah, I am sure that it is...

[OlDawg]

3 hours ago, mat said:

Amazes me how districts can do these projects with no tax increase.

If they have an existing bond—which many have stair stepped bonds—the length of repayment is just extended. So, it’s kind of a play on wording. Technically, the taxes aren’t increased. The length of time until repayment and taxes could drop because of no bond is extended.

[LOUD and Proud]

22 hours ago, OlDawg said:

If they have an existing bond—which many have stair stepped bonds—the length of repayment is just extended. So, it’s kind of a play on wording. Technically, the taxes aren’t increased. The length of time until repayment and taxes could drop because of no bond is extended.

That is just smart business..... Schools should always piggyback Bonds so the tax rate stays constant, but the school is always getting upgraded.  Getting voters to "continue" the current tax rate is ALWAYS easier than getting them to raise the rate.

[OlDawg]

34 minutes ago, LOUD and Proud said:

That is just smart business..... Schools should always piggyback Bonds so the tax rate stays constant, but the school is always getting upgraded.  Getting voters to "continue" the current tax rate is ALWAYS easier than getting them to raise the rate.

Exactly. That’s what LPISD does. Every 9 years like clockwork.

[oldman]

1 hour ago, LOUD and Proud said:

That is just smart business..... Schools should always piggyback Bonds so the tax rate stays constant, but the school is always getting upgraded.  Getting voters to "continue" the current tax rate is ALWAYS easier than getting them to raise the rate.

It is called staying ahead of the growth and being good stewards of the tax payers money.