DID LAMAR CISD SOLICIT THE INPUT OF LOCAL CITIZENS BEFORE DEVELOPING THE BOND PACKAGE?
Yes. As a part of Lamar CISD's ongoing management of finances, facilities and long-range planning efforts, a Bond Citizens Committee met in 2022 to recommend and develop a long-term capital program. The Bond Citizens Committee’s goal was to make sure every student in every school has access to modern classrooms, quality academic programs, and educational tools and resources. After months of extensive work, the committee developed comprehensive bond recommendations to reflect the wishes of the Lamar CISD community and its taxpayers and presented their report to the Board of Trustees for its consideration.
WAS EVERY FACILITY IN THE SCHOOL DISTRICT REVIEWED DURING THE PROCESS?
Yes. With the goal of making sure we impact every student in every school, our Bond Citizens Committee considered the needs of every school and facility in the district.
WHAT WAS THE FINAL VOTE BY THE BOARD OF TRUSTEES?
On August 22, 2022 the Lamar CISD Board of Trustees supported placing a bond referendum including five propositions on the November 8, 2022 ballot.
WHAT IS A BOND AND WHY DO I HAVE TO VOTE ON IT?
Just as homeowners borrow money in the form of a mortgage to finance the purchase of a home, a school district borrows money in the form of bonds to finance the construction of new schools and other capital projects. Both are repaid over time. A school district is required by law to seek approval from voters in the form of a bond election in order to issue bonds.
WHAT IS GOING TO BE THE TAX IMPACT OF THE LAMAR CISD BOND TO TAXPAYERS?
If approved by voters and with 7% property value growth, the 2022 Bond Package is projected to increase annual property taxes by 1.5 cents on every $100 of taxable property value per year, or $48.75 per year for a $325,000 home.
WILL MY LAMAR CISD TAXES INCREASE IF I AM OVER 65 AND MY CURRENT TAX BILL IS LESS THAN THE FROZEN AMOUNT ESTABLISHED WHEN I TURNED 65?
Your Lamar CISD taxes would increase by the actual calculated amount with the new tax rate and current property values but will not exceed the frozen amount established when you turned 65 and/or when your ceiling was established.
WHAT WILL BE THE IMPACT ON SENIOR CITIZENS IN THE DISTRICT?
Lamar CISD taxes are frozen for homeowners 65 or older who have properly filed with the Fort Bend County Tax Office, therefore approval of this bond would not result in an increase above the frozen amount.
SHOULD VOTERS APPROVE THE BOND PACKAGE, DOES THE DISTRICT HAVE POLICIES IN PLACE TO MAKE SURE OUR TAX DOLLARS ARE SPENT EFFICIENTLY?
Yes. Just like we did with previous bond packages, our team of financial professionals will continue to keep a close eye on the spending approved by voters. Our best practices approach has helped Lamar CISD earn the highest ranking, “Superior,” from the state’s Financial Integrity Rating System (FIRST) 22 years in a row and achieve an ‘A’ district finance accountability rating from the Texas Education Agency.
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. By law, Bond funds cannot be used for district operating and maintenance expenses, such as teacher salaries, utility bills, and routine building maintenance.
WHAT IS THE JUSTIFICATION FOR A SECOND STADIUM (PROPOSITION E)?
Lamar CISD will soon have seven high schools which will complicate football scheduling and place additional burden on the district's current stadium. The alternative to a new stadium will be to rent other local stadiums, which costs between $3,000 and $15,000 per game. LCISD will incur additional transportation, security and other costs to host games outside of the district. Click here to view cost estimate for renting various other stadiums. Costs are per game.
UPON APPROVAL OF THE BOND REFERENDUM, IS THE ENTIRE AMOUNT ISSUED ALL AT ONCE?
No. As Lamar CISD has done historically, if passed, this Bond won’t be sold all at once. Bonds are authorized by voters and are sold in increments over time as needed to fund the projects.
WHO CAN I CONTACT FOR MORE INFORMATION ABOUT THE BOND REFERENDUM?
Lamar CISD is committed to transparency. Should you have any questions or would like more information please email us at Info@LCISD.org.
HOW DOES THE DISTRICT DETERMINE THE PROJECTED TAX RATE IMPACT OF THE PROPOSED BONDS?
In projecting the potential tax rate impact from the issuance of the proposed bonds, the District utilizes projections from the District’s financial advisor, Post Oak Municipal Advisors LLC, that take into account a number of factors, including the timing and structure of future bond issues, estimated interest rates and estimates of future property values.
Based on the declining debt service on the District’s currently outstanding debt obligations and forecasted amounts of property tax revenue to be collected each year, the District estimates that if approved, the bonds authorized under Propositions A and B could be paid without an increase to the District’s current tax rate.
Read more information on the here.
WHY DO WE KEEP ADDING A NEW FOOTBALL STADIUM WHEN WE VOTED IT DOWN LAST YEAR?
Just because voters didn’t approve to move forward with the second Stadium two years ago doesn’t mean that the growth circumstance have changed. Lamar CISD has six high schools currently, with a seventh high school tentatively planned to open in August 2025. Our high schools are currently in three different competitive districts, each one with its own schedule. Having only one district stadium requires games to be scheduled over multiple days of the week. Traylor Stadium can currently host four games a week at most - Thursday night, Friday night, Saturday morning and Saturday night. As LCISD grows, it will become impossible to schedule all necessary varsity football games at Traylor Stadium in the coming years. Lamar CISD will use a second stadium to facilitate the number of games, schools and teams that require the stadium for their events.
Without a second stadium, LCISD will be required to rent other local stadiums to meet scheduling needs. Local high school stadium rentals range in cost from $3,000 to $15,000 PER GAME depending on the size of the stadium. In addition to the rental rate, there will be a loss of ticketing revenue as "away" games draw smaller crowds. LCISD will also lose concession revenue when we play at other stadiums, which will average a loss of $7,050 per game.
WHERE WOULD HIGH SCHOOL #7 AND JUNIOR HIGH #7 BE LOCATED?
We are in the process of working to acquire the land for the 7th secondary complex. Since we have not solidified the deal, we cannot share an exact location. However, we can share the general area which is near Bellaire and FM 723.