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
Resources“2021 Azle ISD bond referendum” website, Azle ISD, https://azleisd2021bondproposal.squarespace.com

Proposition A

PropositionThe issuance of $24,084,000 of bonds by the Azle Independent School District for improvements to Azle High School consisting of science classrooms and labs, kitchen, cafeteria, and welding shop and the levying the tax in payment thereof. This is a property tax increase.

La emisión de $24,084,000 en bonos por parte del distrito escolar independiente de Azle para mejoras para Azle high school que constan de salones de clase y laboratorios de ciencias, cocina, cafeteria, y taller de soldadura y la imposición del impuesto para el pago de los mismos. Esto es un aumento al impuesto predial.
What will Proposition A pay for?Proposition A will address overcrowding at Azle High School with the following projects:
- Cafeteria expansion (currently 650 over capacity)
- Upgrades to cafeteria, restrooms, and kitchen prep and serving areas
- Renovations & expansions of science labs
- Safety, technology, and science lab equipment improvements
- Expansion of welding program instructional shop
If I vote FORAzle ISD will issue up to $24.084 million in bonds to fund improvements at Azle High School.
If I vote AGAINSTAzle ISD will not issue up to $24.084 million in bonds.
Tax ConsequencesAccording to Azle ISD, passage of the two bond proposals will result in an increase of 4.8 cents to the property tax rate. Azle ISD states that, due to recent tax cuts, the tax rate will remain about 6 cents lower than it was in 2015.

Homeowners aged 65 or over will see no increase in their tax rate under the senior citizen homestead exemption.

Proposition B

PropositionThe issuance of $25,806,000 of bonds by the Azle Independent School District for improvements to Azle High School consisting of the fine arts department and co-educational field house and the levying the tax in payment thereof. This is a property tax increase.

La emisión de $25,806,000 en bonos por parte del distrito escolar independiente de Azle para mejoras para Azle high school que constan del departamento de bellas artes y un complejo deportivo mixto y la imposición del impuesto para el pago de los mismos. Esto es un aumento al impuesto predial.
What will Proposition B pay for?Proposition B will expand space for fine arts and sports participation with the following projects at Azle High School:
- Expand and renovate fine arts facilities, including those for band, choir, dance, color guard, and theater
- Expand and renovate locker room facilities,some of which are 55 years old
- Increase space and equipment for athletic trainers’ room, used for injury treatment, rehabilitation, and prevention for student-athletes
If I vote FORAzle ISD will issue up to 25.806 million in bonds to fund fine arts and sports facilities at Azle High School.
If I vote AGAINSTAzle ISD will not issue up to 25.806 million in bonds.

Tax ConsequencesAccording to Azle ISD, passage of the two bond proposals will result in an increase of 4.8 cents to the property tax rate. Azle ISD states that, due to recent tax cuts, the tax rate will remain about 6 cents lower than it was in 2015.