District contact information:
- “2019 Bond Election,” Azle ISD, https://www.azleisd.net/Page/5996 (includes election information, projects included, FAQs, financial and tax information, planning committee information, printable flyer, and video)
Recent News Articles
- “Azle voters are asked to spend $79.8 million on a stadium, other upgrades,” Fort Worth Star-Telegram (Oct 12, 2019), https://www.star-telegram.com/news/local/education/article235764717.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.
Azle ISD Propositions
What will the bond package pay for?
The bond proposal would fund the following projects:
- Additions and renovations to Azle High School: new kitchen, expanded cafeteria, new Band Hall, expansion/renovation of Agricultural Science Animal Barn, 13 new/renovated science labs; new Black Box Theater ($25,879,713)
- New multipurpose stadium: new seating (6,000 home, 2,000 visitor); new 8-lane track; new synthetic grass field; new restrooms & concessions; new press box; meet all safety, security, and accessibility codes ($18,751,540)
- New field house/renovation of existing field house: locker rooms and showers for football, soccer, track, softball, baseball, tennis, and wrestling programs; athletic training rooms, weight room, offices, meeting rooms, referee locker rooms; 4 new tennis courts, renovation of 6 tennis courts; provides adequate facilities for current programs and for expansion of participation ($8,704,747)
- Additions and renovations to Liberty Elementary: new classrooms & Learning Commons; new kitchen/cafeteria; new gym; renovation of library and music room ($16,484,000)
The issuance of $79,820,000 of bonds by the Azle Independent School District and levying the tax in payment thereof.
La emisión de $79,820,000 en bonos por parte del Distrito Escolar Independiente de Azle y la imposición del impuesto para el pago de estos
|If I vote FOR||Azle ISD can issue $79.82 million in bonds.|
|If I vote AGAINST||Azle ISD cannot issue $79.82 million in bonds|
|Tax Consequences||If the proposition is approved, the current Azle ISD property tax rate of $1.24735 will increase to $1.39635 (an increase of about 15 cents).
This means that, for a property assessed at $195,000 (the average home price in Azle ISD), the property tax would increase by $24.21 per month, or $290.55 per year.
For citizens 65 years or older, Azle ISD tax rates are frozen and their property tax rate will not change if the bond proposal passes (as long as they have homestead exemptions approved by the Wise County, Parker County, or Tarrant Appraisal District).