Finance and Funding Overview

The Bond’s total amount for campus-wide improvements and additions totaled $38,413,463. The estimated increase to the tax rate was approximately 10¢.

Additionally, to ensure fiscal accountability and responsibility, the sale of the bonds only occurred as projects required financing.

Did you know?

Even with a $38 million bond for campus-wide improvements, Pilot Point ISD residents age 65 and over with the Over-65 Exemption won’t see any increase in their property taxes.

Tax History

With PPISD’s property tax rate lowered twice in the last two years, the Bond Committee studied the priorities set by the Long-Range Facilities Committee. They also examined district finances and tax impact scenarios before recommending that the Pilot Point ISD Board of Trustees call for the November 2021 Bond.

2021-22: $1.16
2022-23: $1.21
2023-24: $1.03
2024-25: $1.02
2025-26: $0.98

This reflects ongoing efforts to manage costs while funding operations and debt obligations.

Differences in M&O and I&S

M&O pays for everyday school expenses like salaries and supplies, while I&S is used to fund big projects like new buildings or buses through bonds.

Any school district projects are funded through either M&O (for daily operations) or I&S (for major construction and capital improvements, typically through bonds approved by voters).