What You Need to Know About The LISD Bond

LISD Facts

LISD serves 13,000 students in the way of extracurricular activities, making up 820 sports teams across its 127 square
mile footprint. 

LISD maintains 37 various athletic fields, 23 tracks, more than 60 tennis courts, 2 aquatic centers, and more than 50 locker rooms across 25 high school and middle school campuses. 

From $1.23 in 2023 to $1.13 in 2024

Over the last seven years, the district has reduced the overall tax rate by 27 cents, dropping the total tax rate from $1.40 in 2018 to its current rate of $1.13.

LISD is able to take on these bonds with NO INCREASE to the LISD tax rate.

The Propositions

PROP A: Natatorium

Proposition A: $16,250,000

(Eastside Aquatics Center and Westside Aquatics Center)

Maintenance, repairs, and renovations at the Eastside Aquatic Center and Westside Aquatic Center.

PROP B: Athletics & Recreation Facilities

Proposition B: $65,585,000

Maintenance, repairs, and renovations at athletics facilities consisting of locker rooms and field houses; tennis courts; baseball/softball facilities; middle school competition fields; high school practice fields; and concession areas.

PROP C: Stadiums

Proposition C: $19,999,000

Maintenance, repairs, and renovations to existing stadiums at Hebron High School, Flower Mound High School, The Colony High School, Marcus High School, and Lewisville High School.

What is a school bond?

A school bond is a promise to pay back a certain amount of money that is being borrowed for a specific use, and it will be paid back with interest. There are state and federal laws and regulations on how school districts issue bonds and how the bond proceeds can be used. With voter approval, school districts may issue bonds to pay for construction, acquisition, and renovations of school buildings; acquisition of sites for school buildings; purchasing equipment for school buildings, and buying buses. School bonds are used to help pay for costly school facilities projects.

What is different about this bond election, and why was it necessary if voters just approved bond projects in November?

The Board has decided to ask voters to consider the maintenance and repair projects from the fall election during the May 4, 2024 election, in addition to field renovations for baseball and softball facilities across LISD’s five high schools, three middle school competition fields, and five practice fields at each high school.

The three propositions in the spring election total $101 million. The total for projects not approved in the fall election was $199.4 million.

The district is not asking voters to consider the 100-Yard Indoor Multipurpose Facilities at each high school, which voters did not approve in the fall election. 

For More info:

Election Info: Anyone who is a registered voter and lives within the Lewisville ISD boundaries is eligible to vote in the May 2024 Bond election.

Early Voting: Monday, April 22 – Friday, April 30 

Election Day: Tuesday, May 4