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

• 21st Century Learning
• Middle Schools:
• BT Wilson
• Hal Peterson

Hal Peterson

• Renovation vs New
• Preliminary cost analysis

(total project costs)

• Majority vote to build new

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

500,000 1,000,000 1,500,000 2,000,000 2,500,000 3,000,000 3,500,000 4,000,000 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032

Kerrville Independent School District Debt Service Capacity

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 DEBT I&S TAX RATE DATA YEAR

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

$1.18 $1.20 $1.35 $1.50 $1.44 $1.28 $1.43 $1.25 $1.42 $1.14 Kerrville Alamo Heights Boerne Dripping Springs Floresville Marble Falls Medina Valley Ingram Seguin Fredericksburg

State Average = $1.30

Taxpayer with a home value of $300,000

ANNUAL Increase to Homeowner MONTHLY Increase to Homeowner Tax Rate Increase Bond Amount Generated $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

Potential Projects New Hal Peterson MS (Priority 1) Accessibility / Code (Priority 1) Remaining Priority 1 Priority 1B Priority 2 21st Century Learning (Priority 1) Tivy HS Ag Barn (Priority 1) District-wide Technology Infrastructure (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

Site Improvements (Drainage, Walkways, Etc.)

$122,000

$100,000 $222,000 Security Vestibules, Cameras, Lighting, Etc. Building Envelope (Brick Veneer, Siding, Painting) $150,000 $150,000 $300,000 Roofing Replacement, Repairs, etc.

$1,333,000

$60,000 $1,393,000 Mechanical Replacement/ Retrofit

$56,000

$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

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

SMALL GROUP: INITIAL PRIORITIZATION

Build your Bond:

• Discuss/ Review projects and cost analysis with an initial focus on priority
• ne 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

1 2 3

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

Questionnaire Format

1 2 3 4 5 6

Introduction and Screeners General Introduction Initial Ballot Impact of Specific Information Informed Ballot Demographics

(Key demos: region, gender, race/ethnicity, GOP-DEM, age)

Thank you!