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2024 Bond Information

 

At the February 12, 2024, Regular Board Meeting, the FISD Board of Trustees called for a bond election to be held on May 4, 2024. The amount called for in the bond is $4,500,000 and would be used to cover the expected shortfall in funding for the completion of the new elementary school.  undefinedUnfortunately, since the 2022 bond passed, inflation has caused the cost of construction to increase 20-30%, similar to what our citizens are experiencing when they go to the grocery store,undefined said Florence ISD Superintendent Rick Kirkpatrick. undefinedOur staff, our architects and the Construction Manager At-Risk have reduced the scope of the projects in the 2022 bond by approximately $8 million, but we are still $4,500,000.00 over budget. If the bond fails to pass, bond money set aside for furnishings and for providing the necessary technology in the new building will have to be used to construct the building, causing the district to reuse existing furniture, equipment and technology that are already in use at the current elementary school.   If voters approve the $4.5 million for Proposition A, the new Interest and Sinking Tax Rate for Florence ISD taxpayers is expected to remain the same at $0.349. This means that the 2024 bond passage is not expected to cause any property owners to pay a higher tax rate than they currently are paying.  Proposition A will be used for the following: Incorporating Design Elements that have Previously Been Reduced to Save Cost Furniture Campus Equipment  Additional Playground Equipment

 

FISD Bond 2024

FISD Bond 2024