Unlike other areas of Spring Branch ISD’s
annual budget, bond funds are not subject
to the state’s Chapter 41 recapture,
or “Robin Hood,” funding formula.
This means that
100 percent of bond funds will remain in
SBISD to benefit our children and schools.
As proposed, the $597.1 million bond would
replace the district’s oldest schools,
build new classrooms, and upgrade safety
and security systems, classroom technology,
bus transportation and athletics across
the district.
Fortunately, any bonds sold by SBISD are
repaid through a debt service tax rate.
The debt service tax rate is NOT subject
to the provisions of Chapter 41 recapture,
or “Robin Hood” funding formulas.
This means that ALL local funds raised
to pay for bonds will remain inside SBISD
to benefit our children.
The proposed bond includes:
- $260.1 million to upgrade and maintain
campus air conditioning and heating, electrical
and plumbing systems, and provide required
maintenance and basic repairs at all schools;
- $249.1 million to rebuild 12
schools
built between 1938 and 1967 at their current
locations;
- $66.7 million for district-wide improvements
in classroom technology, additional classrooms
for growth, and upgrades for safety and
security systems, science labs and for
purchase of new school buses;
- and $21.1 million for contingency needs
and associated costs.
To learn more, please visit SBISD’s Bond
Facts site. Early voting will end
at 7 p.m. on Friday, Nov. 2. Election
Day is Tuesday, Nov. 6, with all voting
held in conjunction with other Harris
County elections.
SBISD's "Robin
Hood" Losses
by Fiscal Year
|
Fiscal Year
|
Robin Hood Loss
|
Percent of Total Budget
|
|
2003-2004
|
$ 2,340,021
|
1.23%
|
|
2004-2005
|
12,623,603
|
5.63%
|
|
2005-2006
|
16,543,238
|
7.14%
|
|
2006-2007
|
21,500,000
|
8.50%
|
|
2007-2008
|
12,514,484
|
5.00%
|
More Bond Facts
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posted 11-02-07
