FAQs

GENERAL

  • School districts are required by state law to ask voters for permission to sell bonds to investors in order to raise the capital dollars required to renovate existing buildings or build a new school. Essentially, it’s permission to take out a loan to build, renovate, and pay that loan back over an extended period of time, much like a family takes out a mortgage loan for their home. A school board calls a bond election so voters can decide whether or not they want to pay for proposed facility projects.

  • Yes. Recent research by the Environmental Protection Agency suggests that a school’s physical environment can play a major role in academic performance. Leaky roofs and problems with heating, ventilation and air conditioning systems can trigger a host of health problems – including asthma and allergies – that increase absenteeism and reduce academic performance. Research links key environmental factors to health outcomes and students’ ability to perform.

  • The current capacity at the Middle School/High School is 390 and the renovations, as well as additions would be able to increase that total to approximately 550 students. In an effort to be best prepared to support an influx of students the District plans to phase demolition of existing facilities so they can be renovated and used, if needed.

TAXES

  • The property taxes of those 65 and older with a homestead exemption would not be affected if the bond referendum passes. Taxes of those receiving the 65 and older homestead exemption are frozen at their present rate for as long as they maintain their homestead. You must apply for this exemption.

    Click Here for the McLennan County Homestead Exemption Form

  • A school district’s tax rate is comprised of two components: the Maintenance & Operations tax (M&O) and the Interest & Sinking tax (I&S). The M&O rate is used to operate the school district, including salaries, utilities, furniture, supplies, food, gas, etc. The I&S rate is used to pay off school construction bonds. Bond sales only affect the I&S rate.

  • If this bond is approved there will be a 28.11 cent maximum tax impact to the the District’s I&S tax rate.

  • The bonds would typically be issued in July or August after a May election and the tax rate would reflect the increase in debt service in the upcoming 2023 tax year (fiscal year 2023-24). The debt service would be fixed on the new debt once issued so as taxable values generally rise in future years the tax rate would therefore decrease as necessary to generate the revenue needed to meet the annual debt service needs.

Have a question?

For more information regarding the bond, please fill out the request form to the right.

You can also contact Bosqueville Independent School District using the methods below:

Bosqueville ISD
7636 Rock Creek Rd
Waco, TX 76708

Phone: (254) 757-3113