The Killeen ISD Board of Trustees unanimously approved calling a - - PowerPoint PPT Presentation

The Killeen ISD Board of Trustees unanimously approved calling a $426 million bond election, consisting

• f two propositions, to be

held on May 5, 2018.

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What i is a a b bond?

• A bond is similar to a home mortgage. It is a

contract to repay borrowed money with interest

• ver time.
• Bond elections allow communities to vote to give

the Board of Trustees authority to sell bonds to pay for items such as new school construction, renovations, capital projects, and land acquisition.

• By law, bonds are not allowed to be used for

general operation budgets or salaries.

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How Did We Arrive Here

Background on the Process

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KIS ISD D Demographics

44,319 Students

26th largest school district in Texas

7,000+ Employees

2nd Largest Employer in area

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St Students: s:

• Federally Connected – 39%
• Student Mobility – 28.5%

• Killeen ISD’s last bond was 16 years ago.

KIS ISD B Bond H History

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2002 2002

$98.7 .72 m million

19 1998

$80.2 .285 m million

19 1992

$46.3 .325 m million

19 1988

$21 m million

19 1975

$8.2 .275 m million

Student Enrollment Growth

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• KISD has grown

13,711 students since its last bond election.

44,3 ,319 41,9 ,969 38,3 ,395 30,6 ,608

Historical Enrollment by Military Affiliation

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• KISD’s growth over the past 10 years

has been driven by its non-federally connected student population growth.

Elementary Historical & Projected Enrollment

• Grown by

4, 4,106 06 elementary students since 2007-08

• Projected to

grow by an additional 2,3 ,338 students in the next 10 years

12,000 14,500 17,000 19,500 22,000 24,500 27,000

1992-93 1993-94 1994-95 1995-96 1996-97 1997-98 1998-99 1999-00 2000-01 2001-02 2002-03 2003-04 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24 2024-25 2025-26 2026-27 2027-28 2028-29

2002 Bond Funds Exhausted Future Growth

Middle School Historical & Projected Enrollment

• Grown by 1,2

,205 middle school students since 2007-08

• Projected to

grow by an additional 609 609 students in the next 10 years

4,600 5,600 6,600 7,600 8,600 9,600

1992-93 1993-94 1994-95 1995-96 1996-97 1997-98 1998-99 1999-00 2000-01 2001-02 2002-03 2003-04 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24 2024-25 2025-26 2026-27 2027-28 2028-29

2002 Bond Funds Exhausted Future Growth

High School Historical & Projected Enrollment

• Grown by 2,2

,209 high school students since 2007-08

• Projected to

grow by an additional 1,6 ,690 students in the next 10 years

4,000 5,000 6,000 7,000 8,000 9,000 10,000 11,000 12,000 13,000

1992-93 1993-94 1994-95 1995-96 1996-97 1997-98 1998-99 1999-00 2000-01 2001-02 2002-03 2003-04 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24 2024-25 2025-26 2026-27 2027-28 2028-29

2002 Bond Funds Exhausted Future Growth

Pr Projects C Completed F From D Designated F Fund B Balance

• Tota

tal C Completed S Since 2 2002 B Bond F Funds E Exhausted: $ : $232.5 .5 m million

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2017 Roy J Smith MS 2017 Alice W Douse ES 2015 Satellite Transportation 2014 Mt View ES Addition 2014 New Fowler ES 2014 Warehouse Addition 2013 HS Science Labs ($5.5mm grant) 2013 Reeces Creek ES Addition 2012 Career Center 2011 New Haynes ES 2011 Pathways HS 2011 Technology Bldg 2011 Timber Ridge ES Addition 2011 Kitchen Additions & Renovations 2010 Willow Springs ES Addition 2009 Cavazos ES 2009 KHS Addition 2009 Patterson MS 2008 Bus Maintenance Facility 2007 Iduma ES Addition 2007 New Meadows ES (half funded)

Current P Portable C Classroom B Buildings

232 portable buildings (some of them doubles) for a total of 290 total portable classrooms district-wide

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Elementary 133 Portable Classrooms Middle 69 Portable Classrooms High 59 Portable Classrooms

High S School P Population

• Despite efforts to alleviate crowding at the high schools by opening

the Early College High School and Career Center, 3 of the district’s 4 comprehensive high schools are over capacity.

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Ellison H HS Harker Heights HS Killeen HS Shoemaker HS Planning Capacity 2,179 2,011 2,275 2,011 17-18 Enrollment Snapshot

without ECHS or Career Center students

2,278 2,337 2,179 2,062 Available Capacity

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• 326

96

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# Portable Classrooms 17 14 5 9

Planning f for t the M May 2 2018 B Bond

• KISD completed the following over a multi-year process

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Comprehensive Facilities Assessment Student Enrollment Growth Study Academic Strategic Planning with the Community Financial Analysis of District & Potential Bond Issuance Scientific Community Opinion Survey Citizen’s Bond Steering Committee Process & Recommendation

Bond S Steering C Committee

• Diverse cross-section of residents and

taxpayers charged to study the needs of the district and make recommendations to the Board of Trustees

• Met four times for approximately 2-2.5 hours

each

• Rotated locations throughout the district to

see various campus types, ages and conditions first-hand

• Meetings were open to the public and all

meeting content was posted to

www.K .KilleenIS ISDBSC.o .org

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The B Bond S Steering C Committee P Process

The Committee engaged in discussions about:

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Existing Facility Conditions Demographics and Enrollment Projections School Finance Bonding Capacity & Impact of Potential Bond Results of a Community Opinion Survey Building Needs, Potential Solutions & Cost Analysis

Upon completion of their analysis and prioritization of needs, members reached unanimous consensus on a recommendation to the Board of Trustees to call for a bond election for $426 million.

What’s Proposed

The Bond Proposal

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May 2018 Bond Proposal

Proposition A

• $235,000,000
• Addressing Safety,

Security and Accessibility and Providing New Schools for Growth Proposition B $426,000,000

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A B

Total B Bond Pr Proposal:

• $191,000,000
• Addressing Existing District

Facilities through Renovations and New School Replacements

Di District ct-wide S Safety, S , Security & & A Accessibility

SAFETY & & S SECURIT ITY: : $4,250,000

• Upgrades to existing facilities to address student and

teacher safety and security including improved intercoms, controlled access devices, perimeter fencing and shade structures for outdoor play at elementary schools ACCESSIB IBIL ILIT ITY: : $14,750,000

• Upgrades to existing facilities to meet compliance with

the Americans with Disabilities Act including renovations to ramps, entrances, door hardware and restrooms

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A

New S Schools f for G Growth

NEW H HIG IGH S SCHOOL # #6: : $171,000,000

• Planning Capacity: 2,500
• Grades: 9-12
• Comprehensive Campus with Potential STEM

Programming

• Targeted Opening Date: 2022
• To be located on district-owned property on

Chaparral Road

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C C h h a a p p a a r r r r a a l l R R d d . .

A

Projected N Numbers i in C Current H High S School Z Zoning

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Shoemaker HS A: 1,983 B: 2,491 C: 2,099 Ellison HS A: 2,184 B: 2,957 C: 2,545 Harker Heights HS A: 2,379 B: 2,832 C: 2,669 Killeen HS A: 2,172 B: 2,632 C: 2,263 A: 2018-19 Projections with CC and ECHS B: 2018-19 Projections without CC and ECHS C: 2022-23 Projections with CC and ECHS

Potential Z Zoning w with P Proposed H HS # #6 a and 2 2022-23 E Estimates

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Shoemaker HS 1,846 Ellison HS 2,034 Harker Heights HS 2,112 Killeen HS 2,254 HS #6 1,330

New S Schools f for G Growth

NEW E W ELEMENTARY S SCHOOL # #36: : $45,000,000

• Planning Capacity: 1,050
• Grades: Pre-K through 5th
• Targeted Opening Date: 2022
• Location to be determined

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A

New R Replacement S Schools

NEW E EAST W WARD & & W WEST W WARD ELEMENTARY C CONSOLID IDATIO ION: : $44,000,000

• Construction of a new elementary

school on the existing East Ward site to serve East Ward & West Ward students

• Fairway to temporarily house East

Ward students during construction

• Planning Capacity: 1,050
• Grades: Pre-K through 5th
• Targeted Opening Date: 2021

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B

East Ward ES AGE: 65 | CAPACITY: 610 | PORTABLES: 5 West Ward ES AGE: 64 | CAPACITY: 600

New R Replacement S Schools

NEW P PERSHIN ING P PARK, S , SUGAR L LOAF & & PARTIA IAL B BELLAIR IRE E ELEMENTARY CONSOLID IDATIO ION: : $51,000,000

• Construction of a new elementary school to

serve Pershing Park, Sugar Loaf and partial Bellaire students

• New school constructed on the existing

Pershing Park site next to the existing campus

• Planning Capacity: 1,050
• Grades: Pre-K through 5th
• Targeted Opening Date: 2021

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B

Pershing Park ES AGE: 55 CAPACITY: 704 | PORTABLES: 9 Bellaire ES AGE: 51 CAPACITY: 595 | PORTABLES: 7 Sugar Loaf ES AGE: 52 CAPACITY: 487 | PORTABLES: 2

Renovated S Schools

CLIFTON PARK ELEMENTARY ADDITIONS & RENOVATIONS & PARTIAL BELLAIRE ELEMENTARY CONSOLIDATION: $21,000,000

• Classroom additions to replace portable

buildings and to accommodate additional students, including about 300 students from Bellaire

• Major interior and exterior renovations

including building system replacements, interior finish replacements, site improvements and code compliance upgrades

• Use Nolan MS as temporary swing campus
• Targeted Opening Date: 2021

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B

Bellaire ES AGE: 51 CAPACITY: 595 | PORTABLES: 7 Clifton Park ES AGE: 55 CAPACITY: 704 | PORTABLES: 8

Renovated S Schools

KIL ILLEEN H HIG IGH S SCHOOL A ADDIT ITIO IONS & & RENOVATIO IONS: $75,000,000

• Classroom additions to replace portable

buildings

• Major interior and exterior renovations

including building system replacements, interior finish replacements, site improvements and code compliance upgrades

• Programmatic expansions to improve

equity and efficiencies

• Targeted Completion Date: 2021

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B

Killeen HS AGE: 53 | CAPACITY: 2,275 | PORTABLES: 5

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May 2018 Bond Proposal

Proposition A A $235,0 ,000,0 ,000 District-wide Safety, Security & Accessibility $19,000,000 New High School #6 $171,000,000 New Elementary School #36 $45,000,000 Proposition B B $191,0 ,000,0 ,000 New East Ward & West Ward Elementary Consolidation $44,000,000 New Pershing Park, Sugar Loaf & Partial Bellaire Elementary Consolidation $51,000,000 Clifton Park Elementary Additions & Renovations & Partial Bellaire ES Consolidation $21,000,000 Killeen High School Additions & Renovations $75,000,000 Total B Bond P Proposal $426,0 ,000,0 ,000

Proposed costs are estimated turnkey project budgets and include escalation, soft costs, furniture, and more.

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Official Ballot

KILLEEN INDEPENDENT SCHOOL DISTRICT - PROPOSITION A [Addressing Safety, Security and Accessibility and Providing New Schools for Growth] [ ] FOR ) ) ) ) ) ) ) ) The issuance of $235,000,000 school building bonds for the construction, acquisition and equipment

• f school

buildings in the District, including high school and elementary school buildings, District-wide Americans with Disabilities Act upgrades and safety and security upgrades, and the purchase of the necessary sites for school buildings, and levying of the tax in payment thereof [ ] AGAINST KILLEEN INDEPENDENT SCHOOL DISTRICT - PROPOSITION B [Addressing Existing District Facilities through Renovations and New School Replacements] [ ] FOR ) ) ) ) ) ) The issuance of $191,000,000 school building bonds for the construction, acquisition and equipment

• f school

buildings in the District, including the rehabilitation, renovation, expansion, improvement and consolidation of District facilities, and levying of the tax in payment thereof [ ] AGAINST

Approximate P Portable C Classroom D Decommissioning

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Elementary 24 of Current 133 Portable Classrooms Middle 55-60 of Current 69 Portable Classrooms High 45-50 of Current 59 Portable Classrooms

Fa Fall 20 2018

Spr Sprin ing 20 2019

Fa Fall 20 2019

Spr Sprin ing 2020 2020

Fa Fall 2020 2020 Sp Spring 202 2021 Fa Fall 202 2021

Spr Sprin ing 2022 2022

Fa Fall 2022 2022

ECHS Year 4 Begins Ag Science Barn ES #35 MS #14 New East Ward & West Ward Consolidation Clifton Park Additions & Renovations & Partial Bellaire Consolidation Killeen HS Additions & Renovations New Pershing Park, Sugar Loaf & Partial Bellaire Consolidation HS #6 ES #36

Potential P Project T Timeline

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Proposed May 2018 Bond Projects Funded with Designated Fund Balance KEY KEY

PLANNED OPENINGS

How It’s Financed

Tax Information

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Current KISD Tax Rate FY 2018

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M&O TAX RATE $1.04 I&S TAX RATE $0.07 TOTAL TAX RATE $1.11

per $100 of taxable property value

+ =

83 percent of the district’s M&O budget goes to personnel salaries and related costs. I&S funds cannot by law be used to pay M&O expenses. In Interest & & S Sinking ( (I& I&S) Used for debt repayment; bond elections only affect this rate. Maintenance & & O Operations ( (M&O) Daily operations: teacher salaries, electricity, fuel, supplies, etc.

Tax Rate Comparison

$1.04 $1.04 $1.04 $1.12 $1.08 $1.17 $1.04 $1.17 $1.04 $1.04 $1.04 $1.04 $1.04 $1.04 $1.17 $0.07 $0.18 $0.26 $0.28 $0.32 $0.24 $0.47 $0.43 $0.24 $0.35 $0.36 $0.39 $0.42 $0.47 $0.35 $1.00 $1.10 $1.20 $1.30 $1.40 $1.50 $1.60

K i l l e e n C

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p e r a s C

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k T e m p l e G e

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g e t

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e a n d e r B e l t

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C l e a r C r e e k K l e i n M e s q u i t e S p r i n g H u m b l e

M&O I&S

$1.11 35

Comparable Districts Surrounding Districts

State F Funding f for D Debt S Servi vice

• In

Instructional F Facilities A Allotment ( (IF IFA) For 2017 biennium, local tax values must be below $350,000 per student in average daily attendance (ADA) for the District to receive IFA, paid up to $250 per ADA. KISD’s local tax value is approximately $175,000 per ADA.

• Existing D

Debt A Allotment ( (EDA) Currently, the guaranteed yield for EDA provides $35 per student in ADA per penny of tax effort and is eligible for up to 29 cents on the debt service tax rate.

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KISD expects to receive 43 cents per $1 in debt service from the state if a potential bond program is approved.

KISD B BOND P PAYMENT STATE O OF T TEXAS LOCAL T TAX E EFFORT

Tax R Rate A Analysis

The estimated maximum tax impact

• f a $426 million bond

would be 15 cents for a total I&S rate of 22 cents, and an

• verall total tax rate of

$1.26.

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Total P Proposal $426 $426 mi million

• n

Proposition A $235 million Proposition B $191 million Estimated I&S Tax Rate Increase – 2018/19 $0.15 $0.083 $0.067

Analysis assumes EDA funding, an amortization period of 25 years and an interest rate of 4.72% (1% above current market rates).

Estimated Tax Rate in Comparison to Other School District Tax Rates

38 $1.04 $1.04 $1.04 $1.04 $1.12 $1.08 $1.17 $1.04 $1.17 $1.04 $1.04 $1.04 $1.04 $1.04 $1.04 $1.17 $0.07 $0.22 $0.18 $0.26 $0.28 $0.32 $0.24 $0.47 $0.43 $0.24 $0.35 $0.36 $0.39 $0.42 $0.47 $0.35 $1.00 $1.10 $1.20 $1.30 $1.40 $1.50 $1.60

K I S D C U R R E N T E S T I M A T E D K I S D C

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p e r a s C

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k T e m p l e G e

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e a n d e r B e l t

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R i c h a r d s

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C l e a r C r e e k K l e i n M e s q u i t e S p r i n g H u m b l e

M&O I&S

$1.11 $1.22

Estimated KISD I&S Tax Rate with Proposed Bond

Comparable Districts Surrounding Districts

Estimated T Tax Im Impact

*Assumes $25,000 Homestead Exemption

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Market H Home V Value Estimated M Monthly T Tax Im Impact for T Total P Proposal* $100,000 $9.38 $143,000

(Approx. KISD Average)

$14.75 $150,000 $15.63 $200,000 $21.88 $250,000 $28.13 $300,000 $34.38

Homeowners A Age 6 65 & & O Over

• Killeen ISD property taxes for citizens age 65 or older would not be

affected by the bond election as a result of the tax ceiling **.

• Under state law, th

the d dollar a amount t of school taxes imposed on the residence h 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 o

• f c

changes i in ta tax r rate o

• r p

property ty v value * *.

*Exception if improvements are made to the residence homestead **Taxpayer will need to file for the (over 65) Homestead Exemption

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Cast Your Vote

Voting Information

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Official Ballot

KILLEEN INDEPENDENT SCHOOL DISTRICT - PROPOSITION A [Addressing Safety, Security and Accessibility and Providing New Schools for Growth] [ ] FOR ) ) ) ) ) ) ) ) The issuance of $235,000,000 school building bonds for the construction, acquisition and equipment

• f school

buildings in the District, including high school and elementary school buildings, District-wide Americans with Disabilities Act upgrades and safety and security upgrades, and the purchase of the necessary sites for school buildings, and levying of the tax in payment thereof [ ] AGAINST KILLEEN INDEPENDENT SCHOOL DISTRICT - PROPOSITION B [Addressing Existing District Facilities through Renovations and New School Replacements] [ ] FOR ) ) ) ) ) ) The issuance of $191,000,000 school building bonds for the construction, acquisition and equipment

• f school

buildings in the District, including the rehabilitation, renovation, expansion, improvement and consolidation of District facilities, and levying of the tax in payment thereof [ ] AGAINST

Vo Voting

EARLY V VOTIN ING Monday, April 23 – Tuesday, May 1, 2018 8:00 a.m. to 5:00 p.m.

except weekends and extended hour days open 7:00 a.m. to 7:00 p.m.

ELECTIO ION D DAY Saturday, May 5, 2018 7:00 a.m. to 7:00 p.m. Vote at your designated precinct location.

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Early V Voting L Locations Main Location:

• Killeen ISD Administration Building
• Extended hours April 25 & 26

City of Killeen:

• Killeen City Hall
• Killeen Community Center
• Killeen Lions Park Senior Center
• Extended hours April 23 & May 1

City of Harker Heights:

• Harker Heights City Hall
• Extended hours April 24 & 30

Vo Voting

Who Can Vote?

• Any registered voter who resides within the school district boundaries

When’s the final day to register to vote?

• Thursday, April 5, 2018

What t to B Bring?

• An approved form of photo ID

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More Information:

www.KilleenISDBond.org Thank You! Questions?

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