Estimated Impact

  • Fort Bend ISD 2023 Bond

    ESTIMATED IMPACT

  • Estimated impact of $2.50 on an average home value of $300,000

  • Total Tax Rate

    School districts have two budgets. The state provides two budgets for school districts: Maintenance & Operations (M&O) for instruction and daily operations and Interest & Sinking (I&S) for capital investments. Each budget has its own tax rate generated by local property taxes.

  • DID YOU KNOW?
    School districts do not receive state funding for building schools, renovating them or replacing things like worn-out roofs, heating and air conditioning, plumbing and electrical systems.

    The law requires school districts to borrow money in the form of bonds to finance construction, renovations and other capital improvements. In order for a school district to sell bonds (borrow money) it must receive voters’ approval. Bond funds generally cannot be used for salaries, utilities or other daily expenses.

    Bonds approved by voters pay for the projects.