Meeting 4 June 21, 2018 Agenda Recap Define Consensus KISD - PowerPoint PPT Presentation

Meeting 4 June 21, 2018

Agenda • Recap • Define Consensus • KISD Financial Capacity • Define Bonding Threshold • Review Remaining Projects with Cost Analysis • Small Group: Initial Prioritization • Next Steps & Closing

RECAP

RECAP: Closer Look at Priorities, Part 2 Hal Peterson • 21 st Century Learning • Renovation vs New • Preliminary cost analysis • Middle Schools: (total project costs) • BT Wilson • Majority vote to build new • Hal Peterson

DEFINE CONSENSUS

Define Consensus Consensus Defined • Consensus is defined by Merriam-Webster as: 1 a: a general agreement b: the judgment arrived at by most of those concerned 2 group solidarity in sentiment and belief; (concerned with the process of deliberating and finalizing a decision) Goal • Goal is to agree on definition and then, once recommendation goes forward, for everyone to be able to support.

What is this Committee’s Definition of Consensus? Options: • Unanimous agreement • Unanimous consent (can “live with it” and support it) • Super majority (no less than two-thirds)

KISD FINANCIAL CAPACITY

Local Tax Effort Current Tax rate: M&O - $1.04 + Debt Service - $.14 (Capped at $.50) Total Tax Rate - $1.18

Kerrville Independent School District Debt Service Capacity 4,000,000 3,500,000 3,000,000 2,500,000 2,000,000 1,500,000 1,000,000 500,000 0 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2013 Refunding Bonds 2013 Building Bonds

After August 2018 Payment KERRVILLE ISD OUTSTANDING DEBT : $14,450,000* *Principal

How does this compare to those around us? DISTRICT NAME OUTSTANDING I&S TAX RATE DATA YEAR DEBT Boerne ISD $327,109,650 31.4 Cents 2018-19 Dripping Springs $284,825,575 35 Cents 2016-17 Alamo Heights $125,245,94 14 Cents 2017-18 Floresville $95,831,299 40 Cents 2017-18 Marble Falls $90,452,173 22.53 Cents 2017-18 Fredericksburg $22,735,000 10.6 Cents 2017-18 Ingram ISD $20,958,025 20.5 Cents 2016-17 Kerrville ISD $17,210,000 14 Cents 2017-18

Overall Tax Rates State Average = $1.30 $1.18 Kerrville $1.20 Alamo Heights $1.35 Boerne $1.50 Dripping Springs $1.44 Floresville $1.28 Marble Falls $1.43 Medina Valley $1.25 Ingram $1.42 Seguin $1.14 Fredericksburg

Taxpayer with a home value of $300,000 ANNUAL Increase to MONTHLY Increase to Tax Rate Increase Bond Amount Generated Homeowner Homeowner $167 per year $13 per month $.0555 85 million dollars $198 per year $16 per month $.0661 90 million dollars $230 per year $19 per month $.0767 95 million dollars $262 per year $21 per month $.0874 100 million dollars $357 per year $29 per month $.1191 115 million dollars

Total Bond $ 85,000,000.00 $ 90,000,000.00 $ 95,000,000.00 $ 100,000,000.00 $ 115,000,000.00 Pennies $ 0.0555 $ 0.0661 $ 0.0767 $ 0.0874 $ 0.1191 Taxable Value Yearly Increase Yearly Increase Yearly Increase Yearly Increase Yearly Increase $ 100,000.00 $ 55.50 $ 66.10 $ 76.70 $ 87.40 $ 119.10 $ 150,000.00 $ 83.25 $ 99.15 $ 115.05 $ 131.10 $ 178.65 $ 200,000.00 $ 111.00 $ 132.20 $ 153.40 $ 174.80 $ 238.20 $ 250,000.00 $ 138.75 $ 165.25 $ 191.75 $ 218.50 $ 297.75 $ 300,000.00 $ 166.50 $ 198.30 $ 230.10 $ 262.20 $ 357.30 $ 350,000.00 $ 194.25 $ 231.35 $ 268.45 $ 305.90 $ 416.85 $ 400,000.00 $ 222.00 $ 264.40 $ 306.80 $ 349.60 $ 476.40 $ 450,000.00 $ 249.75 $ 297.45 $ 345.15 $ 393.30 $ 535.95 $ 500,000.00 $ 277.50 $ 330.50 $ 383.50 $ 437.00 $ 595.50 $ 550,000.00 $ 305.25 $ 363.55 $ 421.85 $ 480.70 $ 655.05 $ 600,000.00 $ 333.00 $ 396.60 $ 460.20 $ 524.40 $ 714.60 $ 650,000.00 $ 360.75 $ 429.65 $ 498.55 $ 568.10 $ 774.15 $ 700,000.00 $ 388.50 $ 462.70 $ 536.90 $ 611.80 $ 833.70 $ 750,000.00 $ 416.25 $ 495.75 $ 575.25 $ 655.50 $ 893.25 $ 800,000.00 $ 444.00 $ 528.80 $ 613.60 $ 699.20 $ 952.80 $ 850,000.00 $ 471.75 $ 561.85 $ 651.95 $ 742.90 $ 1,012.35 $ 900,000.00 $ 499.50 $ 594.90 $ 690.30 $ 786.60 $ 1,071.90 $ 950,000.00 $ 527.25 $ 627.95 $ 728.65 $ 830.30 $ 1,131.45 $ 1,000,000.00 $ 555.00 $ 661.00 $ 767.00 $ 874.00 $ 1,191.00

For a taxpayer 65+ Their Tax Levy is frozen, and any amount of increase to the tax rate would not increase their taxes.* For Kerrville ISD, this equates to about 22% of our Tax Levy. *Under state law, the dollar amount of school taxes imposed on the residence homestead of a person 65 years of age or older cannot be increased above the amount paid in the first year after the person turned 65 – regardless of changes in tax rate or property value – unless significant improvements are made to the home, increasing the overall value.

DEFINE BONDING THRESHOLD

Define Bonding Threshold • What is the committee’s recommendation for the amount of a possible bond proposal: • As a committee, what can we support? • As a community, what can we support? • As a taxpayer, what is feasible and reasonable?

REMAINING COST ANALYSIS

Priority 1 items : identified by Phase 1 Committee and verified in small group discussions (Meeting 2) Priority 1B items : a) identified and verified by committees, but after further review, district has determined could be deferred if needed b) Or, items identified in small group discussions in Meeting 2 to be moved from Priority 2 to Priority 1 Priority 2 items : a) identified by Phase 1 Committee and verified in small group discussions (Meeting 2) b) Or, new items identified in small group discussions in Meeting 2 to be added to the list for consideration New District-wide 21st Century Hal Peterson MS Accessibility / Remaining Tivy HS Ag Barn Technology Priority 1B Priority 2 Learning (Priority 1) Code (Priority 1) Priority 1 (Priority 1) Infrastructure Potential Projects (Priority 1) (TBD Priority 1) New Hal Peterson Middle School Replacement Subtotal: $ 61,500,000 New Building $59,500,000 $59,500,000.00 Purchase Property $2,000,000 $2,000,000 Tivy Education Center / Central Office Subtotal: $ 2,140,000 $122,000 Site Improvements (Drainage, Walkways, Etc.) $100,000 $222,000 Security Vestibules, Cameras, Lighting, Etc. Building Envelope (Brick Veneer, Siding, Painting) $150,000 $150,000 $300,000 $1,333,000 Roofing Replacement, Repairs, etc. $60,000 $1,393,000 $56,000 Mechanical Replacement/ Retrofit $50,000 $40,000 $146,000 Energy Management / Control Systems Lighting Replacement/ Retrofit Power Replacement/ Retrofit Plumbing Replacement/ Retrofit Kitchen Upgrades/ Improvements Fire Alarm Upgrades/ Improvements $24,000 $24,000 Accessibility Improvements (Ramps, Door Hardware, Signage) $55,000 $55,000

SMALL GROUP: INITIAL PRIORITIZATION

Build your Bond: • Discuss/ Review projects and cost analysis with an initial focus on priority one items • Priority 2 items have been included for reference if conversation needs to continue about a particular project • Each table has a reference guide showing project detail and scope • If your table determines that a project should be included in a possible bond election, indicate yes in the respective column(s) • Use the laptop/ iPad at your table to record your table’s recommendations.

CLOSING

Homework: Review all information presented to date Submit additional questions if needed Next Meeting: 5 THURSDAY, JULY 19 6 p.m. Administration Building Agenda • Community Survey Results • Second Prioritization Exercise

Objectives To assess general attitudes about Kerrville ISD. 1 To assess current levels of support and opposition to 2 various bond thresholds. To measure the support of possible bond projects. 3

Questionnaire Format 1 Introduction and Screeners 2 General Introduction 3 Initial Ballot 4 Impact of Specific Information 5 Informed Ballot 6 Demographics (Key demos: region, gender, race/ethnicity, GOP-DEM, age)

Thank you!