Bond 2022
Official Voter's Guide
FAQ ( Frequently Asked Questions )
Q: When is the bond election?
The election will be held on Saturday May, 7, 2022.
Q: When is Early Voting?
A: Early Voting Begins Monday, April 25th, and ends May 3rd.
Q: What is the total amount of the proposal?
A: A bond referendum of $5.4 million is proposed.
Q: If the bond passes, will the tax rate increase to pay the debt?
A: No, the current tax rate to pay the district’s debt is .2682. If the bond passes, the tax rate to pay the district debt will remain the same .2682 or be lower.
Q: Why is the Bond Election being called?
A: The Bond Election has been called to move existing maintenance tax notes to the debt side of the budget. This can only be done with voter approval.
The funds received from the maintenance tax notes have been used to pay for costs, such as the Petty mold remediation, that allowed Petty Elementary students to have a facility to attend school.
Q: Will this bond pay for new or renovated facilities?
A: No, this bond is not being called to construct new facilities or renovate facilities. The bond is being called to move existing maintenance tax notes to the debt side of the budget. This can only be done with voter approval.
The funds received from the maintenance tax notes have been used to pay for costs, such as the Petty mold remediation, that allowed Petty Elementary students to have a facility to attend school.
Q: How will the funds be used if approved by the voters?
A: Taft ISD will have access to an estimated average of $404,000 a year for day-to-day operations, including funds to increase teacher and student resources and increase in employee pay. If approved, there will be an increase in revenue collected from windfarms and industry.
Q: How much of the debt will be paid by Industrial Properties such as Wind Farm & Oil Gas Corporations?
A: Industrial Properties such as Wind Farm & Oil Gas Corporations will pay an estimated 80% of the I&S Tax Rate annual debt payments. The local community will pay for the remaining estimated 20%.
Currently, most of the maintenance tax notes are being funded by the local community.
Q: What is the maturity of the Bonds, if approved?
A: The Bond Election debt assumes a maturity of 20 years using a preliminary 3.028% interest rate.
Q: How is it possible to issue bonds without a tax rate increase?
A: School districts can refinance existing bonds. In Taft, the addition of Wind Farms and other Industry in the community can also provide additional revenue to pay for the bonds.
Early Voting Locations
Election Day Voting
New ballot language requirements
In accordance with new state law, all school ballot propositions must include the following statement: “This is a property tax increase” regardless if there is no expected increase to the school district tax rate. If approved by Taft ISD voters, homeowners will see no increase in their property tax rate.
De acuerdo con la nueva ley estatal, todas las propuestas de votación escolar deben incluir la siguiente declaración: "Este es un aumento del impuesto a la propiedad", independientemente de si no se espera un aumento en la tasa de impuestos del distrito escolar. Si los votantes de Taft ISD lo aprueban, los propietarios no verán un aumento en su tasa de impuestos a la propiedad.
Sample Ballot