On Nov. 7, voters in Springtown will have a chance to vote once again on a $120,780,000 bond referendum to benefit the Springtown Independent School District.
This bond election comes on the heels of a failed vote for the same amount that narrowly fell short in May.
If passed, the bond will provide funding to add seats for an additional 1,400 students by building a new middle school, converting the intermediate school into a fourth elementary campus, and creating a ninth-grade center in the current middle school.
The bond, if passed, will increase the interest and sinking tax rate (the tax rate levied by districts to pay for any bond debt that may have been issued to fund the construction of schools and facilities) by 17 cents per $100 of property evaluation. However, with the recent tax decrease of 18 cents by trustees, taxpayers will still pay a penny less than a year ago.
“SISD leadership has worked hard since May to determine the best way to move forward as our student enrollment continues to climb,” board president Rick Beall said in a release on the school district website.
Beall noted the district has retained a new financial advisor, a new architect and a bond planning team. He's also hoping residents will take time to learn more about the projects proposed, tax rates, ballot language, and ask questions before casting their vote.
A town hall meeting was held Oct. 9.
Any Springtown ISD resident who is registered to vote may cast a ballot in this election. Voters will have from Oct. 23 to Nov. 3 to cast ballots during early voting.
Residents are encouraged to visit www.springtownisdbond2023.com for more information.
The map below shows the growth of Springtown in a time lapse starting in 1985 and finishing in 2022
Springtown has averaged 200 new homes annually for the past five years.