Bond steering committee meeting

Brenda Coley provides a recap of last week's bond steering committee meeting at Thursday night's meeting at East Ward Elementary School.

The list of potential projects being considered for inclusion in the Killeen Independent School District proposed bond issue is quite long.

The $50 million football stadium is no longer on that list, according to John Craft, KISD superintendent.

“Our focus is on instructional needs,” Craft said at Thursday night’s bond steering committee meeting.

Because a quorum of KISD Board of Trustees members were present, the gathering was considered a formal board meeting.

The steering committee heard a presentation by representatives of RBC Capital, which has worked with KISD on bond issues for 25 years.

Matthew Boles and Derek Honea reviewed the district’s bonding capacity and how local property taxes could be impacted if the bond passes on the May 5, 2018, ballot.

Three scenarios were presented — bond issues of $175 million, $350 million and $500 million. The annual impact for owners of a home valued at $150,000, minus the homestead exemption, would be between $44 and $209 per year.

Craft ran through the list of potential projects, including three new elementary schools, a new middle school and a new high school. Discussion of older facilities included possible consolidations and rezoning.

Also Thursday, KISD Chief Financial Officer Megan Bradley gave the bond steering committee a tutorial on how school finance works.

“School finance is not easy,” Bradley said.

Explanations of federal Impact Aid were followed by information about state funding for the district. “It’s a very complicated formula” based on the “wealth per student,” according to Bradley. “We’re a property poor district,” meaning KISD receives more money from the state than some other districts.

Bradley also provided a quick overview of the district’s financial status, and how property tax exemptions reduce the amount of local income to the district.

The community survey regarding the potential bond issue will be conducted by Baselice and Associates Inc. of Austin.

The survey’s purpose is “to help measure general and specific attitudes and opinions of the district, district finances, fiscal management, greatest challenges and educational priorities to assist in structuring a potential bond program for consideration,” Craft said.

All information from the bond steering committee meetings is available on the website: www.killeenisdbsc.org.

The public can also submit questions and comments on the website.

The next KISD bond steering committee meeting will be held at 6 p.m. Thursday at the KISD Career Center.

Read more on the proposed bond tax impact in Sunday’s Killeen Daily Herald.

254-501-7568 | jferraro@kdhnews.com

(3) comments

eyewatchingu

Btw, why is we homeowners get stuck with paying for this, when most of the kids come from rental properties. I think we need to start taxing rent. Think about it if renters pay tax on their rent we could afford a few bells and whistles. Sick of us home owners paying the taxes that renters get away with not paying. It's time to even that out. I'm not talking about the property owners, I am talking about the renters themselves. I for one am sick of bearing the burden.

THUGNIFICENT KILLED ME

@eyewatchingu Nailed it. The people have nothing to take, unless the entire populace becomes homeless. Does the KING of KILLeen know that? Does Old KING even give a shit?

eyewatchingu

Amazing, someone finally stepped up and actually explained economics, including impact on residents. Maybe they can go and sit down with our city council members and explain it to them.
I am actually impressed that someone finally took the time to actually educate.

About darn time we focus on educational tools and not on trying to be like Beverly Hills California. 50 million dollar football stadium, are out of your ever loving mind. Are you trying to compete with Katy Tx and their 72 million dollar high school stadium.
what is funny is the top 4 cheapest pro football stadiums in the country are still going strong, and cost less then 50 Million dollars.
1. Ralph Wilson Stadium, home of the Buffalo Bills and their tailgating legion, is 41 years old this year. The facility opened in 1973 after being built for a grand total of $22 million. Pretty sure that’s about the cost of one chair at MetLife, y’all. Ralph Wilson Stadium is currently being renovated, but many are starting to call for a new building in New York. 
 
2. The Oakland Raiders and their fans are quite partial to the Oakland Coliseum, now O.co Coliseum. This storied facility was constructed for a mere $25.5 million. The Raiders’ first game in this building was played in 1966. I don’t see this one going anywhere anytime soon. 
 
3. Qualcomm Stadium, which may soon be a thing of the past, is the current home field of the San Diego Chargers. The team played their first game in the $27 million facility in 1967 after relocated from Los Angeles. 
 
4. Arrowhead Stadium, home of the Kansas City Chiefs, opened for business in 1972. It cost $43 million to build and was distinct because it wasn’t a multipurpose facility, which was the trend during the 1970s. Arrowhead remains one of the most challenging places for opposing teams to play and is popular among both fans and players. 
 
Our schools are failing in the education department, that means more children leavening and graduating with out the tools they need to survive in life.
We need to focus more on teaching then we do the bells and whistles.
Many pro football players lack the ability to mange their own money because the focus was on football and not on teaching Math skills. Many of those players once injured or don't make it after one or two years, playing end up being feed up on by con men and their own friends and families, leavening them broke.
Many can barley string a complete thought together. So why not focus on teach so if the 1 in 4448 makes it pro, they can better themselves and others. Football is not the only sport like this.

I still will vote against this until I see it in writing and proof the system is going to learn how to manage class scheduling, see grades improving, better staffing, more for the special needs classes, and most of all the decrease in gangs in our schools. I would rather see more Killeen police officers on school campus and in the schools. A full KPD gang task force working only in our schools from grade school on up. I mean fully licensed and real Gang enforcement officers, not some group that calls themselves something when they clear are not. I would like to see children that choose to act out in school face tougher penalties. Gang related students removed from schools for good.
Our children and teachers deserve to be safe and learn in a gang free zone.
Until then I can not nor will I vote for any new schools to be built. I will not waste money I do not have to watch children act out and destroy new schools.
As I told my kids, if you want something new then you must earn it, I will not hand you new when you don't act right or treat it with respect.

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