District contact information:
Aaron Perales, Director, Parent & Community Engagementaperales@aisd.net
“Bond 2019” Arlington ISD, https://www.aisd.net/bond2019/ (includes video, board presentation pdf, bond projects overview, details of campus projects)
Recent News Articles
- “These school districts are pitching bond programs,” Fort Worth Star-Telegram (Aug 21, 2019) https://www.star-telegram.com/news/local/education/article234148682.html
- “Arlington’s $966 million school bond will go to voters this November,” Fort Worth Star-Telegram (Aug 13, 2019) https://www.star-telegram.com/news/local/arlington/article233800697.html
What is a bond?
A bond is essentially an IOU. Instead of going to a bank to get a loan, like an individual might do, governments can issue bonds to raise money for specific projects. An investor buys a bond on the understanding that they will be paid back, in full and with interest, on a set date (limited by law to 40 years). In most cases, governments must seek voter approval to issue a bond.
What will the bond package pay for?
The bond proposal would funds improvements in the areas of facilities, fine arts, safety, security and technology, and transportation. All Arlington ISD schools would receive updates and condition improvements, excepting Arlington College and Career High School, which just opened in August 2019 in a fully-renovated building.
For campus-by-campus details of the bond project proposals, see https://www.aisd.net/bond2019/campus-projects/
|Ballot Proposition||The issuance of $966,000,000 of bonds by the Arlington Independent School District for the acquisition, construction and equipment of school buildings and the purchase of school sites and school buses and levying the tax in payment thereof.
La emisión de bonos por el importe de $966,000,000 por el Distrito Escolar Independiente de Arlington para la adquisición, la construcción y el equipamiento de edificios escolares, y para la compra de sitios y de buses escolares, y la imposición de impuestos para el pago de dichos bonos.
|If I vote FOR||Arlington ISD can issue $966 million in bonds to fund acquisition, construction, and equipment of school buildings and purchase school buses.|
|If I vote AGAINST||Arlington ISD cannot issue $966 million in bonds.|
|Tax Consequences||According to Arlington ISD, if the proposition passes there will be no impact on the district’s tax rate.|