Waco ISD Directors Get Price Tag for Bond Issue | Education
Traylor’s projections assume that the district’s total frozen estimated value for 2021, a measure of the total assessed value of the property for the district, is $ 6.47 billion and increases by 5% for fiscal years 2022-23, 2023-24 and 2024-25 with flat growth thereafter and a tax collection rate of 98%. Board chair Angela Tekell wondered if a slightly higher growth rate of 5.5% or 6% might be more accurate given the rise in local property values in recent years, but Traylor said 5% was a conservative and safer figure to use for projections.
In a general discussion of the Community Advisory Committee’s considerations to date, Trustees praised the participation, involvement and diversity of its community representation. Superintendent Kincannon said discussions on the design of a new Waco high school have started so that if a bond issue covering its construction passes, work can begin more quickly.
In another board action, O’Connell Robertson Architectural Director Jarrod Sterzinger provided an update on the work on the move from Paul Tyson Stadium to the grounds of Waco High School. The project so far is on schedule and under budget, he said. The new stadium, located opposite Avenue Trice and 44th Street, will have 2,000 seats, artificial turf and an eight-lane track suitable for UIL competitions.
Thursday’s meeting opened after trustees spent more than two and a half hours in closed session executive session without any decisions being announced when they returned to regular session.