Weatherford Democrat

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April 14, 2013

BOND ELECTION: Brock ISD looks to build, expand athletics facilities

(Continued)

2011’s voting results saw residents vote down a $5 million request for new football, baseball and softball facilities as well as a demand for roofing and parking lot repairs, 606 to 477.

If approved, this year’s proposal would mean that taxpayers would see an increase of approximately $114, or $9.50 per month, per $100,000 home.

“Only 2.4 cents of our I&S tax increase is due to the bond issue. The rest of the increase results from our district having to pass two TREs to fund maintenance and operation after the state funding cuts of the last legislative session. To hold down the cost to taxpayers over the last two years of state funding cuts, pennies were moved from the I&S side to the M&O tax rate, and we were able to do this because of increases in district property values from new businesses and houses,” Tedder said. “As property values increase, the tax rates can be reduced, which is what has happened in the past. The new tax rate will be about 12 cents lower than the rate of 2006.”

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