2014 Bond Election

Peaster Elementary School

What is Proposed
Remodel Existing Elementary facility
Replace carpet and wall coverings (wall paper) in the existing classrooms to a
material that will be able to be maintained.
Safety and Security
Add additional wall in the front entrance to funnel all visitors into the front
office.
Enclose the portable buildings with protective fencing
Update all entrances with secure locking mechanisms that can be controlled
electronically, placed on schedule timers, and able to give monitored alerts.
Additional security cameras within the school building
New Intermediate Structure
12 new classrooms that incorporate technology (technology will be purchased
with extra funds on hand in the I&S fund)
Activity Gym to accommodate Student growth and legislature mandates of
Fitness gram tests, HB 5, and Physical activity. This will allow all students pre k
- grade 6 access to a gymnasium each school day.
The movement of 5
th
and 6
th
grade to the new intermediate facility will allow
existing elementary and middle school facilities to have more available
classrooms and provide space for ample growth.

Proposed Intermediate Wing
Funding
A bond election will be held in the amount of
$7,000,000
$1,000,000 will be added to the project from
existing funds currently on hand in the I&S
account
With the rapid change in technology, newly
purchased technology will be funded threw
the current M&O budget so interest is not
accrued on outdated technology

Impact of the Bond
Your public school taxes involve two figures:
Maintenance and Operations (M&0), used to pay for salaries, utilities, furniture,
supplies, food, gas, etc.
Interest and Sinking (I&S), used to repay debt. Bond elections affect the Interest
and Sinking tax rate.
Currently, Peaster ISDs Interest & Sinking (I&S) tax rate, is $0.18 (the state
maximum is $0.50). When combined with the districts Maintenance & Operations
(M&O) tax rate of $1.17, the total tax rate for Stephenville ISD is $1.35. If the bond
election is approved by voters, the tax rate increase of the bond program is an
estimated 5 cent increase (from $0.18 cents to $0.23 cents). The estimated
maximum tax impact of this bond is a total tax rate of $1.40 by year 2014-2015.
For property valued at $100,000, this is an increase of $3.70 per month, less than $45 per year.