Conroe ISD Superintendent Explains $807 Million Bond Package to Chamber’s Business Advocacy Council
The Woodlands, Texas – The Woodlands Area Chamber of Commerce’s Business Advocacy Council received an update on Conroe Independent School District’s $807 million bond referendum election set for May 4 at a council meeting on Friday, February 15 at The Chamber office.
In a presentation to the council, Superintendent Curtis Null explained the bond proposal addresses CISD’s growing student population and districtwide needs. According to data from a 2018 Population and Survey Analysts demographics study, CISD has grown by more than 15,000 students over the past decade, and it is estimated the district would reach 76,000 students by 2028.
The bond package includes capital projects including new school buildings, major renovations and additions, land purchases, buses, and technology and safety and security upgrades.
Null said CISD financial advisors project a 1-cent property tax rate increase the first year of the bond, with a maximum increase of 3 cents on the tax rate over the life of the bond. A 1-cent tax increase on a home in Conroe ISD valued at $300,000 is $2.29 monthly or $27.50 per year, while a 3-cent tax increase on a home in CISD valued at $300,000 is $6.88 monthly or $82.50 annually. The current CISD tax rate is $1.28, the lowest ISD tax rate in Montgomery County by approximately 6 cents and the second lowest tax rate in the greater Houston area.
Null also stated that according to state law, residents 65 years and older who have filed for a homestead exemption are eligible to have their school taxes frozen; therefore, if you are 65 or older and have filed for homestead exemption, this bond issuance will not affect your tax bill.
The CISD Facilities Planning Committee recommended the framework for this bond package. The committee consisted of 27 community members appointed by the Board of Trustees, included Chamber President J.J. Hollie and Chamber Board Member Linda Nelson of Memorial Hermann The Woodlands Medical Center.
To learn more about the 2019 CISD Bond Referendum, visit bond.conroeisd.net or call 936-709-7707.
About The Woodlands Area Chamber of Commerce
As the largest business association in the Houston region, The Woodlands Area Chamber of Commerce is committed to advocating for businesses, creating marketing and networking opportunities, serving as a professional and community resource and supporting charitable causes. For more information, please visit www.woodlandschamber.org.