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 Bond” website, Fort Worth ISD, https://www.fwisd.org/bond
Recent News Articles"$1.5 billion bond aims to equalize school building quality across Fort Worth ISD," Fort Worth Report (Oct 12, 2021) https://fortworthreport.org/2021/10/12/1-5-billion-bond-aims-to-equalize-school-building-quality-across-fort-worth-isd/

“New elementary school and stadiums highlight Fort Worth ISD bond issue,” WFAA.com (Oct 3, 2021) https://www.wfaa.com/article/news/politics/new-elementary-school-and-stadiums-highlight-fwisd-bond-issue/287-f030ff8e-d335-4c08-84bf-84d018c08000

“Fort Worth school district wants $1.49 billion for renovations. Here’s what’s planned,” Fort Worth Star-Telegram (Aug 18, 2021) https://www.star-telegram.com/news/local/education/article253470799.html (paywall, article limit)

Proposition A

PropositionThe issuance of bonds in an amount not to exceed $1,211,000,000 for the construction, renovation, acquisition, and equipment of school buildings in the district and the purchase of the necessary sites therefor and the levying and imposition of taxes sufficient to pay the principal of and interest on the bonds. This is a property tax increase.

La emission de bonos por un monto no superior a $1,211,000,000 para la construcción, renovación, adquisición y equipamiento de edificios escolares en el distrito y así como la compra de los sitios y locaciones necesarias para ello, así como la evaluación e imposición de impuestos suficientes para pagar el principal y los intereses de los bonos. Este es un aumento del impuesto a la propiedad.
What would Proposition A pay for?Proposition A will pay for the following elementary and middle school projects:
- Construction of a new “Westpark Relief” elementary school in the Ventana neighborhood of Benbrook
- Replacement campuses at three locations (to be decided)
- Repurpose existing campus to relocate Young Women’s Leadership Academy
- Embed four Early Childhood Centers (for 0-3 year olds) in existing schools

Proposition A will also pay for improvements for middle schools, including:
Interior renovations such as secured front-entry vestibules and upgrades to corridors and common areas
- Building additions
- Expanded/remodeled media centers
- Refitted science labs and modified classrooms
- Modified locker and weight rooms
- Removal of portables (in most cases)
- Building life-cycle improvements (such as plumbing and electrical, roofing, technology, etc)
If I vote FORFort Worth ISD will issue up to $1.211 billion in bonds to fund elementary and middle school improvements.
If I vote AGAINSTFort Worth ISD will not issue up to $1.211 billion in bonds.
Tax ConsequencesAccording to the Fort Worth ISD’s Bond 2021 website, while state law requires that the proposition includes “this is a property tax increase” in the ballot language, the bond rate will not increase the tax rate.

Proposition B

PropositionThe issuance of bonds in an amount not to exceed $98,300,000 for the construction, renovation, acquisition, and equipment of existing fine arts facilities in the district and the levying and imposition of taxes sufficient to pay the principal of and interest on the bonds. This is a property tax increase.

La emission de bonos por un monto no superior a $98,300,000 para la construcción, renovación, adquisición y equipamiento de las instalaciones de bellas artes existentes en el distrito y la evaluación e imposición de impuestos suficientes para pagar el principal y los intereses de los bonos. Este es un aumento del impuesto a la propiedad.
What would Proposition B pay for?Proposition B will pay for the following middle and high school projects:
- Auditorium and fine arts school upgrades such as improved acoustics, expanded seating capacity, new lighting, sound, and AV systems, new stages, rigging, and curtains, and storage
If I vote FORFort Worth ISD will issue up to $98.3 million in bonds to fund middle school and high school improvements.
If I vote AGAINSTFort Worth ISD will not issue up to $98.3 million in bonds.
Tax ConsequencesAccording to the Fort Worth ISD’s Bond 2021 website, while state law requires that the proposition includes “this is a property tax increase” in the ballot language, the bond rate will not increase the tax rate.

Proposition C

PropositionThe issuance of bonds in an amount not to exceed $104,900,000 for the construction, renovation, acquisition, and equipment of stadiums in the district with seating capacity for more than 1,000 spectators and the purchase of the necessary sites therefor and the levying and imposition of taxes sufficient to pay the principal of and interest on the bonds. This is a property tax increase.

La emission de bonos por un monto no superior a $104,900,000 para la construcción, renovación, adquisición y equipamiento de estadios en el distrito con capacidad para más de 1,000 espectadores y la compra de los sitios necesarios para ello y la evaluación e imposición de impuestos suficientes para pagar el principal y los intereses de los bonos. Este es un aumento del impuesto a la propiedad
What would Proposition C pay for?Proposition C will fund the construction of three new stadium complexes consisting of:
- 5,000 seat football stadium and track with turf field
- Concession facilities for both sides
- Adjacent field house with a competition gym
- Locker and team rooms

If I vote FORFort Worth ISD will issue up to $104.9 million in bonds to fund stadium construction and equipment.
If I vote AGAINSTFort Worth ISD will not issue up to $104.9 million in bonds
Tax ConsequencesAccording to the Fort Worth ISD’s Bond 2021 website, while state law requires that the proposition includes “this is a property tax increase” in the ballot language, the bond rate will not increase the tax rate.

Proposition D

PropositionThe issuance of bonds in an amount not to exceed $76,200,000 for the construction, renovation, acquisition, and equipment of recreational facilities in the district and the levying and imposition of taxes sufficient to pay the principal of and interest on the bonds. This is a property tax increase.

La emission de bonos por un monto no superior a $76,200,000 para la construcción, renovación, adquisición y equipamiento de instalaciones recreativas en el distrito y la evaluación e imposición de impuestos suficientes para pagar el principal y los intereses de los bonos. Este es un aumento del impuesto a la propiedad.
What would Proposition D pay for?Proposition D will fund athletic/recreational improvements, such as:
- Remodel middle school gyms
- Improve middle school field sports facilities
- Replace turf at 14 high school baseball/softball fields and 14 high school football practice fields
- Upgrade Goldstein Field (including turf)
- ADA upgrades at Wilkerson-Greines Activities Center
If I vote FORFort Worth ISD will issue up to $76.2 million in bonds to fund athletic/recreational improvements.
If I vote AGAINSTFort Worth ISD will not issue up to $76.2 million in bonds.
Tax ConsequencesAccording to the Fort Worth ISD’s Bond 2021 website, while state law requires that the proposition includes “this is a property tax increase” in the ballot language, the bond rate will not increase the tax rate.