Bond Advisory Council
The Bond Advisory Council is comprised of eight appointed members chosen by the Superintendent and each School Board member. Each member of the Council will serve during the elected term or for the length of the 2018 Bond Program. The Council will meet quarterly to review the 2018 Bond Program Status updates; including information related to scheduling, planning, and expenditures. In addition, the Council will issue an Annual Report to the Board and Quarterly Reports to the Superintendent each year.
CONSTRUCTION PROJECTS OVERVIEW
On November 6, 2018, the Carrollton-Farmers Branch Independent School District (CFBISD) held a bond election for $350 million including renovations and improvements to all campuses, safety and security, Career and Technical Education (CTE) improvements, fine arts improvements, athletic improvements, and technology infrastructure.
The students of Carrollton-Farmers Branch are fortunate that the voters of our community share this passion for quality schools by passing our bond referendum to provide the tools and facilities our students and teachers need to succeed. We appreciate the ongoing support of the CFBISD community and remain committed to making sure these bond funds are spent wisely and efficiently.
There will be no increase to the tax rate as a result of the passing of the 2018 bond. The current overall tax rate is $1.37. The tax rate previously was $1.38 for the 2017-2018 school year. The district has lowered the tax rate 10 of the last 13 years.
Development of the November 2018 bond package involved an in-depth process of information gathering, research and community input by the CFBISD Citizen’s Facility Advisory Committee (CAC). The Board charged the CAC with assessing and prioritizing the district’s current and long-term facility needs and making a recommendation that addresses those needs. The CAC was comprised of 49 members including 39 parents and community members and met six times over a six-month period.
Bond History in CFBISD
The CFBISD community has a rich history of investing in the school system. The voters in the district overwhelmingly passed a $300 million bond package in 2003 which included building new campuses, modernizing and renovating facilities, upgrading technology and upgrades to safety and security. Previously, the voters in the community approved a $198.6 million bond package in 1998.
TIF & Other Funded Projects
CFBISD is a part of two tax increment finance (TIF) zones in Farmers Branch and one in Irving. Tax Increment Financing (TIF) is an economic development tool that uses the projected rise in property tax value within the TIF Zone to finance specific infrastructure and/or development improvements.
Current TIF Projects
- Multipurpose Facility construction in Irving
- Landry Elementary renovation in Irving
- McLaughlin Strickland Elementary renovation in Farmers Branch
- Razing of Montgomery Elementary in Farmers Branch