The Allen ISD Project Kids Bond Advisory Committee held its 5th (out of 6) meeting on April 18 at Olson Elementary. Committee members financial information, including tax rate history and implications of a bond election on future tax rates. The information was presented by Hilltop Securities advisor Jeff Robert.
Mr. Robert discussed how bonds are used to finance capital projects and how they can be used in the state of Texas for school projects after voter approval. He also detailed how bonds are repaid over their term. For example, bonds used to purchase technology devices are repaid over the expected lifespan of the device, typically 5 to 7 years, whereas bonds used to renovated campuses are paid off over a longer period of time because the campus renovations last longer. Mr. Robert also noted that the district’s current property tax rate of $1.14 is the lowest since 1993 with demographic projections allowing the rate to remain low.
After the presentation, committee groups discussed potential renovation projects across the district and began ranking them according to necessity and cost.
