BOND BACKGROUND

The planning for the May 2015 bond election was a multi-year process and involved many levels of information gathering, research and community input. MISD’s last bond election was in 2007. In 2010, a previous facility planning committee studied district needs and recommended a series of two bond elections totaling $300 million in capital improvements. However, the school district did not move forward with a bond election at that time. Since then, the district has grown by over 1,000 students and continues to grow.

 

In response to this rapid student enrollment growth and major capital improvement needs, in early 2013, the Montgomery ISD Board of Trustees directed the MISD Administration to initiate a plan to address facility concerns. At that time, a Long Range Facility Planning initiative began and encompassed many phases including a demographic study, selection of an architect, a district-wide existing facility assessment, financial analysis, land acquisition, study of grade level reconfiguration and appointment of a Community Advisory Board.

 

The Community Advisory Board, made up of local citizens, civic and business leaders, parents and school staff, met for six months to study and prioritize district needs. They studied the existing facility assessment, enrollment projections, results from a community survey, district financial information and tax impact scenarios. They examined many different facility solutions and project costs, including the need for new facilities, safety, technology and updates to existing campuses. Upon completion of the CAB’s analysis, a recommendation was presented to the Board of Trustees.

 

After careful consideration of the CAB’s recommendations and additional prioritization, the MISD Board of Trustees officially called a bond referendum on February 17, 2015 to be held on May 9, 2015.

WHAT'S INCLUDED

The May 2015 bond package allows for the construction of new schools to alleviate and prevent overcrowding in our schools. It includes upgrades and improvements to all existing schools in the district, including safety and security and new and expanded technology. In addition, it allows for a grade realignment to move the fifth grade to the elementary level and the sixth grade in with seventh and eighth grade to form the new middle school level.

Growth: $205,000,000

 

  • New High School
    • To serve grades 9-12 and be built at FM 2854, northwest of Rabon Chapel Road. Estimated completion of August 2018.
  • New Middle School
    • To serve grades 6-8 and be built at Keenan Cutoff Road. Estimated completion of August 2017.
  • New Elementary School
    • To serve grades PK-5 and be built at Keenan Cutoff Road. Estimated completion of August 2017.
  • Land for Future School Sites

 

 

Safety & Security at all Campuses: $7,000,000

 

  • Access control, surveillance and intercom systems
  • Controlled entry vestibules and classroom intruder function door hardware
  • Fire alarm and sprinkler system upgrades
  • Safety and security site improvements and handicap accessibility upgrades

 

 

Existing Facility Renovations, Additions and Improvements: $35,750,000

 

  • Renovations to Repurpose Montgomery Junior High School to a Grade 6-8 campus, Montgomery Intermediate and
    Montgomery Middle Schools to PK-5 campuses and Montgomery Elementary School to a multi-use district facility
  • Upgrades and repairs to campus mechanical, electrical and plumbing systems
  • Building envelope and site improvements including structural, roofing and windows
  • Campus repairs and interior finish upgrades including new doors, hardware, flooring and ceilings

 

 

Technology & Transportation: $9,000,000

 

  • Technology Upgrades at all campuses including infrastructure improvements, phone systems and wireless connectivity
  • Purchase of New School Buses

 

 

TOTAL BOND PROPOSAL: $256,750,000

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FACTS

BOND

BREAKDOWN

PROJECT

SCHEDULE

MAP OF EXISTING

& PROPOSED FACILITIES

TAX INFORMATION

Montgomery ISD's Historical Tax Rates

How Does Montgomery ISD Compare?

Tax Rate ($/100)

District

M&O

I&S Rate

Total

Humble ISD

1.1700

0.5000

1.6700

New Caney ISD

1.1700

0.3500

1.5200

Spring ISD

1.0400

0.5300

1.5700

Magnolia ISD

1.0400

0.3495

1.3895

Willis ISD

1.0400

0.3500

1.3900

Tomball ISD

1.0200

0.3400

1.3600

Montgomery ISD

1.0400

0.3000

1.3400

Conroe ISD

1.0400

0.2400

1.2800

Public school taxes involve two components: Maintenance and Operations (M&O), used to pay for salaries, utilities, furniture, supplies, food, gas, etc.; and Interest and Sinking (I&S), used to repay debt. Bond elections affect the I&S tax rate.

 

Currently, Montgomery ISD’s I&S tax rate, is $0.30. When combined with the district’s M&O tax rate of $1.04, the total tax rate for MISD is $1.34 per $100 of certified property value. The Montgomery ISD Board of Trustees has reduced the property tax rate on three separate occasions in the last 10 years totaling .32 cents from $1.66 in 2005-2006 to $1.34 in 2014-15.

Estimated Tax Impact

 

The estimated maximum tax impact of the May 2015 bond package is anticipated to be an incremental increase over a three year period of five cents to the I&S portion, resulting in a total tax rate of $1.39. For an average home value of approximately $200,000, this represents an increase of approximately $7.71 per month.

 

The chart below illustrates the estimated monthly tax increase to property owners in Montgomery ISD from the passage of the May 9, 2015 election:

Home Value (assumes $15,000

homestead exemption)

$100,000

 

$150,000

 

$200,000

 

$250,000

 

$300,000

 

$500,000

 

$750,000

 

$3.57

 

$5.63

 

$7.71

 

$9.79

 

$11.86

 

$20.21

 

$30.63

 

Estimated Monthly Tax Increase

Montgomery ISD Monthly Tax Impact

To look up your home value, visit the Montgomery Central Appraisal District website.

 

State Law allows for school building bonds to mature over a period up to forty years. The budget and estimated tax rate impact for this bond was built on the assumption that the bond will be repaid over a 30-year period and are structured to allow the District to prepay the bonds prior to scheduled maturity, without penalty.  Furthermore, the bonds will be sold in phases, and short-term bonds that are repaid in five to ten years will be utilized to fund the technology projects and bus purchases within the bond proposal.

 

 

 

 

Impact on Senior Citizens' Property Taxes

 

Under state law, the dollar amount of school taxes imposed on the residence homestead of a person 65 years of age or older who has filed an exemption application, may not be increased above the amount paid in the first year after the person turned 65, regardless of changes in tax rate or property value. This excludes the value of any new improvements, such as additions or renovations that increase the value of such homestead.

 

Contact the Montgomery Central Appraisal District with questions about the Over 65 Homestead Exemption. To download a copy of the Homestead Exemption form, click here.

 

©2015 Montgomery ISD