Mabank ISD Board of Trustees Calls May 2024 Bond Election
Mabank, TX (February 16, 2024)
During a called meeting on February 15, Mabank ISD’s Board of Trustees voted unanimously to call a $116 million bond election for the May 4, 2024 ballot.
The bond proposal, if passed, will increase student capacity, improve academic learning environments, expand career and technical education (CTE) opportunities, and prepare the district for future growth.
Projects in the proposal include a new elementary school for grades 3-4, career and technical education (CTE) addition at Mabank High School, junior high school additions and improvements, districtwide renovations, upgrades, and repairs, and land acquisition for future district facilities.
The 2024 Mabank ISD Bond will not result in a tax rate increase on the district’s debt service.
“While most bond issues typically include a tax hike, the current tax rate of this bond would remain the same for MISD taxpayers,” Superintendent Dr. Russell Marshall said. “Due to new property value growth and the strong financial position of the district, we are able to pay off old debt early and refinance debt to save taxpayers money. Thus, with voter approval of this bond, taxpayers will not see an increase in their total tax rate.”
An informational website and printed materials are being developed. Please call the administration office at 903.880.1300 for more information regarding the bond election.
Early voting begins Monday, April 22, and ends Tuesday, April 30. Election Day is Saturday, May 4.
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Mabank, Texas 75147
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