A bond is similar to a home mortgage. It is a contract to repay borrowed money with interest over time. Bonds are sold by a school district to competing lenders to raise funds to pay for the costs of construction, renovations and equipment. Most school districts in Texas utilize bonds to finance renovations and new facilities.
How can bond funds be used?
Bond funds can be used to pay for new buildings, additions and renovations to existing facilities, land acquisition, technology infrastructure and equipment for new or existing buildings. Bonds cannot be used for salaries or operating costs such as utility bills, supplies, building maintenance, fuel and insurance.
What is a bond election?
School districts are required by state law to ask voters for permission to sell bonds to investors to raise the capital dollars required for projects such as renovation to existing buildings or building a new school. Essentially, the voters are giving permission for the district to take out a loan and pay that loan back over an extended period of time, much like a family takes out a mortgage loan for their home. A school board calls a bond election so voters can decide whether or not they want to pay for proposed facility projects.
How was the bond package developed?
Development of the bond proposal was an in-depth process of information gathering, research and community input. Together, WFISD and the community put together a Long-Range Facility Plan that looks ahead to the future of the district. Read more here.
In April and May 2020, a series of meetings with the architects took place over four days to discuss the instructional and functional needs of new high schools in the following areas:
Administration/General Building Needs
General Education Classrooms
Fine Arts (Band, Choir, Theatre, Dance, Art)
Special Education/Life Skills
Safety & Security
Each meeting included at least one staff member/teacher/coach from each high school and one administrator from each high school. Meeting participants were asked to serve as a representative for their campus and subject area. The goal of these meetings was to allow campus staff members to provide input about the functionality and needs of their specific area. In all, 62 different staff members participated in these planning meetings.
After the planning meetings were completed, the architects developed general school layouts based on the needs and desires communicated by the campus teachers.
In June and July, a district design team met with the architects to evaluate the conceptual designs and provide input regarding the floor plan, colors, interior/exterior design, etc.