Bond Finances

With PPISD’s property tax rate lowered twice in the last two years, the Bond Committee studied the priorities set by the Long-Range Facilities Committee. They also examined district finances and tax impact scenarios before recommending that the Pilot Point ISD Board of Trustees call for a November 2021 Bond.

The Bond’s total amount for campus-wide improvements and additions totals $38,413,463. The estimated increase to the tax rate will be approximately 10¢. Citizens 65 and over who have applied for and received the over 65 Exemption will see no increase in their taxes because of this bond.

Additionally, to ensure fiscal accountability and responsibility, sale of the bonds will only occur as projects require financing.