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Salado ISD votes to hold $49.4 million bond election in May

The average homeowner could see taxes increase up to $56.35 a month.

The Salado ISD Board of Trustees has voted unanimously to call for a $49.4 million bond election to be held on May 5.

If passed by voters this spring, the bond would be used to fund multiple projects. First, it would pay to connect the kindergarten/first grade building and gymnasium to the main building at Thomas Arnold Elementary School. Second, it would build a new middle school next to the high school. And third, it would fund improvements to the district's athletics stadium -- including paying to add new concessions, restrooms, extra seating and a turf field. New baseball and softball facilities would also be built.

The school district said the bond proposal was the first step in a long-range facilities plan to address aging facilities, school safety, and growth, as well as extracurricular and athletic needs.

The bond is the result of research gathered by the district's Long Range Facilities Planning Committee, which is made up of 58 people who assessed Salado ISD's needs. Members of the committee included business owners, parents and district staff.

According to the district, the estimated maximum tax increase from the bond would be a 31.62 cent hike -- bringing the tax rate up to $1.54 per $100 of taxable value. In other words, for the average Salado ISD homeowner whose house has a value of $238,848, this would mean an extra $56.35 a month in taxes. Under state law, voters 65 and older would see no tax increase unless substantial improvements were suddenly made to their homes.

On May 5, it will be up to Salado taxpayers to decide whether or not to green-light the bond.

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