McKinney ISD Board of Trustees call for Bond Election May 7th
The MISD 2016 Bond passed on Saturday, May 7, with 62% of voters supporting the measure. The students and staff of MISD would like to thank the 11,114 people who cast votes in this important election.
McKinney ISD, based on higher than previously estimated property value growth from the Collin County Central Appraisal District, combined with interest savings from completed Bond Refunding (Refinancing), will be looking to reduce the tax rate by 4.5 cents instead of the previously estimated 2 cents.
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On March 17, the MISD Board of Trustees approved a detailed list of projects to be included in a bond program that will go before voters on May 7.
The proposed bond package will allow for a decrease in the tax rate by 4.5 cents (up from the previously estimated 2 cent decrease), which equates to a property tax decrease of approximately $121 a year for an average residential home in MISD valued at $271,150.
Early voting begins Monday, April 25 and extends through Tuesday, May 3. Election Day is Saturday, May 7. Voting is available at the Collin County Elections Office or at any of MISD’s middle school campuses.
Comprehensive Upgrades: $62.5M
Additions and Renovations: $51.4M
Safety & Security: $6.5M
Transportation & Maintenance: $9.6M
Districtwide Stadium / Event Center: $50.3M
Land Purchase: $4M
Elementary #22 Planning: $700K
Total of All Projects: $220,000,000