SAISD is facing a $23 million deficit and serves around 44,000 students. The last time district passed a tax measure was in 2020, when a $1.3 billion bond was the largest bond measure ever passed in Bexar County at the time.
The district is going out for a voter-approval tax rate election that would increase the maintenance and operations tax rate 3.17-cent, estimated to generate $5.5 million in extra funds. This new VATRE revenue will assist the district in funding one-time supplements, teacher pipeline initiatives and career and technical education.
The districts will also ask voters to pass a $600 million bond package divided into three propositions. Passing all three would incur a 6-cent increase to the I&S rate, implemented over the next three years.
If the VATRE and all three bond measures pass, SAISD’s tax rate would go from $1.1552 to $1.6437 per $100 of taxable value by 2030 for homeowners in the district. For an average home of $240,000, that would be approximately $70 more annually.
What is SAISD’s Prop A?
SAISD’s VATRE proposes a 3.17-cent increase to the M&O tax rate, estimated to generate $5.5 million in extra funds. This new revenue will assist the district in funding one-time supplements, teacher pipeline initiatives and career and technical education.
Ballot language: This is a tax increase. Fatiguing the ad valorem tax rate of $0.7869 per $100 valuation in San Antonio Independent School District for the current year, a rate that will result in an increase of 2.92% in maintenance and operations tax revenue for the district for the current year as compared to the preceding year, which is an additional $5.541,056.00.
What is SAISD’s Prop B?
This proposition would set aside $492 million for school modernization, capital system replacements and safety and security upgrades. This includes things like new chillers, bus fleets with three-point seat belts, police fleets and renovated classrooms.
Ballot language: This is a property tax increase. The issuance of an amount not to exceed $492,000,000 school building bonds for the construction, renovation, acquisition, and equipment of school buildings in the District, the purchase of the necessary sites for school buildings, the purchase of new school buses and other new vehicles to be used for student transportation and the purchase or retrofitting of vehicles to be used for emergency, safety, or security purposes, and the levying and imposition of taxes sufficient to pay the principal of and interest on the bonds and the costs of any credit Agreements.
What is SAISD’s Prop C?
This proposition would set aside $102 million for IT improvements, such as network infrastructure and teaching and learning devices.
Ballot language: This is a property tax increase. The issuance of an amount not to exceed $102,000,000 school building bonds for the acquisition and update of technology equipment and the levying and imposition of taxes sufficient to pay the principal of and interest on the bonds and the costs of any credit agreements.
What is SAISD’s Prop D?
This proposition would set aside $6 million for improvements to SAISD’s standalone Alamo Stadium and Convocation Center, located at 110 Tuleta Dr.
Ballot language: This is a property tax increase. The issuance of an amount not to exceed $6 million school building bonds for the construction, renovation, and equipping of the Alamo Stadium and Convocation Center.
