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The Cy-Fair ISD board may soon seek voter approval of a bond to fund nearly $1.75 billion in district upgrades, according to a Jan. 15 presentation to trustees.
The overview: CFISD's Long Range Planning Committee identified approximately $1.4 billion in Priority 1 needs for the district, including vehicle replacements, facility renovations and security enhancements, per the presentation. Additionally, an estimated $281 million is needed for Priority 2 upgrades and $24 million for other improvements.
Composed of parents and community members, the committee has been evaluating district infrastructure and programs since late September to identify areas needing investment over the next six years. The district last passed a bond in 2019.
Another detail: CFISD officials said the district does not expect its property tax rate to increase if a bond is approved. However, it’s possible the tax rate—currently $1.0669 per $100 home valuation—could decrease if a bond does not pass.
What's next? The committee will make its final recommendation regarding a potential bond election to the board Feb. 5, per the presentation.
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