
FREQUENTLY ASKED QUESTIONS
-
WHAT IS A BOND?
A bond is similar to a home mortgage. It is a contract to repay borrowed money with interest over time. Bonds are sold by a school district to competing lenders to raise funds to pay for the costs of construction, renovations and equipment. Most school districts in Texas utilize bonds to finance renovations and new facilities.
HOW CAN BOND FUNDS BE USED?
Bond funds can be used to pay for new construction, renovations to existing facilities, land acquisition, and technology infrastructure. Bonds cannot be used for day-to-day operating costs, such as salaries, utility bills, supplies, maintenance and fuel.
WHAT IS A BOND ELECTION?
School districts are required by state law to ask voters for permission to sell bonds to investors in order to raise the capital dollars required for projects.
-
HOW WAS THE BOND PACKAGE DEVELOPED?
The bond package was developed by community input and prioritization by the Long-Range Facility Planning Committee.
WHERE CAN I FIND EXACTLY WHAT IS PROPOSED IN THE BOND PACKAGE?
Visit the Bond Proposal page to see a breakdown of each proposition and detailed project descriptions.
-
WHAT IS FROST ISD’S CURRENT TAX RATE?
Frost ISD’s current Maintenance & Operations (M&O) tax rate is $0.7552 and its Interest & Sinking (I&S) tax rate is $0.2440 for a total tax rate of $0.9992.
HOW WILL THE 2025 BOND PACKAGE AFFECT MY TAXES?
If approved, the maximum estimated tax impact would be an additional 23 cents to the current Frost ISD tax rate. A monthly tax impact calculator can be found here.
WHAT IF I’M OVER 65 AND RECEIVE THE “SENIOR CITIZEN EXEMPTION” AND MY HOME VALUE GOES UP? WILL MY SCHOOL TAXES INCREASE?
No, according to state law, the dollar amount of school taxes imposed on the residence homestead of a person 65 years of age or older cannot be increased above the amount paid in the first year after the person turned 65 – regardless of changes in tax rate or property value – unless significant improvements are made to the home. Normal repairs, maintenance and the economic impact of the market cannot increase the amount of taxes you will pay once a tax ceiling is in place on that homestead.
-
WHO IS ELIGIBLE TO VOTE IN THIS ELECTION?
Any registered voter who lives within the Frost ISD boundaries — and whose voter registration is based on their current Frost ISD residence — is eligible to vote in this bond election.
WHEN IS THE DEADLINE TO REGISTER VOTE IN THIS ELECTION?
The last day to apply for voter registration is April 3, 2025 in order to vote in the May 3, 2025 election.
HOW CAN I CHECK TO SEE IF I AM REGISTERED?
Visit this website to check your registration status.