Killeen: Chamber backs proposed $426M school bond issue
The Greater Killeen Chamber of Commerce announced Friday that it’s endorsing the Killeen ISD’s proposed $426 million bond package.
The chamber’s Public Policy Council and Board of Directors voted on Wednesday to support the proposed bond issue.
"We recognize the challenges our school district faces as a result of the tremendous growth our community has seen," chamber board Chair Abdul Subhani said.
"We are pleased that KISD has developed a solution with student safety in mind, and that will allow the district to continue providing a quality education to our students."
The ballot will include two propositions intended to ease school crowding, make safety and security upgrades and improve older campuses, the district said.
The first proposition calls for a $235 million bond issue to pay for a new high school, a new elementary school and upgrades throughout the district to make schools safer and to improve accessibility for the disabled.
The second proposition calls for a $191 million bond issue to pay for new schools and renovations at 11 existing campuses all of which are more than 50 years old.
The district says it’s the first school construction bond election in the district in 16 years, during which time enrollment has increased by nearly 14,000.
If both propositions are approved, the owner of an average home in the district, valued at just more than $143,000, would pay about $177 a year in additional taxes.
Property owners 65 and older would not pay more, however, because their tax rates are frozen at current levels, the district said.