the archive: video
THE ARCHIVE is where we'll house all information about the 2007 Bond Program. Visit our VIDEO section to see previously posted video content. Visit it...bookmark it!
At the core of everything we do, and at the heart of the 2007 Bond Program, is the desire to provide our students with quality educational experiences. Our residents, and their children, expect and deserve nothing less.
The real beauty of our bond is that it encompasses our community as a whole. It’s as much about replacing aging facilities as much as it is about transforming the way we think about the educational experience.
The Bond Oversight Committee played a critical role in the success of the 2007 Bond Program. This independent 16-member citizens' committee was established in 2007 to monitor the progress of the district Bond Program, and ensured that bond revenues were spent appropriately and remained faithful to the priorities of the Bond Plan that was approved by voters in November 2007. Committee members evaluated risks and controls of the Bond Program, reporting regularly to the Superintendent, Board of Trustees and general public. The committee was composed of area business leaders, professionals in the building and construction industry, area community members and active SBISD parents. Committee members met every three months during the duration of the 2007 Bond Program. Committee members were not compensated for their participation, nor were they permitted to have active or pending contracts with the district. Downloads: Archival Planning Documentation
SBISD haD a healthy bond fund and all bond funds remained in spring branch.
100% of bond funds and the proceeds from bond funds approved by district voters remained in SBISD and directly benefited our children.
Spring Branch ISD has been able to deliver more schools – on time and under budget – while maintaining a healthy, LOCALLY CONTROLLED bond fund. SBISD basically operates out of two funds: the general fund for ongoing operations; and the bond fund for capital improvements. While most revenue in the GENERAL FUND is generated locally through the Maintenance and Operations tax, a portion of that money is sent to the state in the form of recapture, or Robin Hood. The state reduces its funding as property wealth increases, effectively negating any revenue increase and creating funding challenges for SBISD.
The BOND FUND approved by voters in 2007 is 100 percent locally controlled and 100 percent invested in our local schools. All money raised through bond sales stays in Spring Branch, and how it is spent is decided locally. It’s worth noting that while the district faces funding challenges with its general fund, the bond fund is robust and healthy, with all work promised to voters either accomplished, planned or in progress.
Bond funds are used only to fund to support the bond program and its projects, capital improvements such as building, improving or maintaining facilities, and purchasing buses, technology or school sites. Revenue generated by the Interest and Sinking (I&S) tax rate of $.3045 is dedicated to paying debt service on the money borrowed through bond sales. By state law, the two funds – bond and general – are separate pots of money and cannot be commingled. Millions of Spring Branch tax dollars have been sent elsewhere because of Robin Hood and state funding formulas, but 100 percent of bond funds, approved by district voters, remain in SBISD and directly benefit our children.
Millions of Spring Branch tax dollars have been sent elsewhere due to ongoing state legislation, but 100 percent of bond funds approved by district voters remained in SBISD to directly benefitting our children. Click here to read more about BOND FUNDING and PROGRAM ACCELERATION.
the general fund to pay for
day-to-day operations of educating students.
The general fund is facing challenges.
the school district and are
unlike funds provided by
SBISD's bond fund is
strong and healthy.
receive 41% of their
funding from the state.
Spring Branch ISD
Of the $26 million paid by taxpayers in 2014, only $5
million will be returned to
TAKE A LOOK AT what our community, educators and Area Leaders have to say about the 2007 Bond Program and HOW it's impacting students, families and the spring branch community.
click here to download a copy of the 2007 Bond Program report. report published for the purpose of capturing the history of the Bond Program and its legacy for the spring branch community. (PDF Format)