At a special called meeting of the Krum ISD Board of Trustees on February 17, 2022, the board voted unanimously to call a bond election for May 7, 2022.
The board’s action comes after an extensive, months-long collaboration and deliberation between the Bond Planning Committee, architects from Huckabee, Inc., and representatives from Gallagher Construction.
The Bond Planning Committee (BPC) used data from a demographic study conducted by Davis Demographics to help shape the propositions that will be voted on in the bond. The BPC consisted of teachers, parents, staff, and community members of Krum ISD that gathered together to study and prioritize the district’s current and long-term facility needs. All presentations that were made to the BPC are available on the Krum ISD website.
The demographic study reviewed by the BPC and the Board of Trustees shows an estimated 11,500 new homes across 20 residential developments actively under construction or currently planned within the more than 100 square miles that comprise the geographic boundary of Krum ISD. The report reads that the district will see 60% growth in student enrollment in the next five years. “The district is expected to grow by roughly 200 students in grades PK-12 each year for the next three years, and will surpass 3,000 students in [school year] 2025,” Davis Demographics reported to the Board.
The May 7 bond package will feature two propositions totaling $275,000,000 If approved, the bond election would include a tax increase not to exceed perimeters set by the State of Texas to the district’s interest and sinking tax rate. The overall tax rate in Krum ISD has not increased since the 2014-2015 school year. Additional information on the tax rate impact will be available soon.
The two propositions require separate votes. Projects addressed by each proposition are as follows:
Proposition A- $244,700,000:
- An addition to the Krum Early Education Center- $7,400,000
- A new elementary school - $48,000,000
- Renovations to the Hattie Dyer Elementary Campus - $3,600,000
- A new high school $185,700,000
Proposition B- $30,300,000
- New district stadium $30,300,000
The bond package also accounts for portables and campus conversion to address student growth that will arrive before the project’s construction can be completed.
The deadline to register to vote or make changes to your name or address is April 7. Early voting for the May 7, 2022 bond election takes place Monday, April 25 through Tuesday, May 3. Election day is May 7.