frequently asked questions

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  • Just as homeowners borrow money in the form of a mortgage to finance the purchase of a home, a school district borrows money in the form of bonds to finance construction, renovation and other capital projects. Both are repaid over time, but in order for a school district to sell bonds, it must go to the voters for approval.

  • Bond funds can be used to pay for new buildings, additions and renovations to existing buildings, land acquisition, technology, buses, and equipment, among other items. By law, bond funds may not be used to fund daily operating expenses, such as salaries or utilities, which are paid for out of the district’s Maintenance & Operation (M&O) budget.

  • The bond proposal was developed and recommended by the Long-Range Facility Planning Committee, a group made up of Denison ISD parents, staff, and local community and business leaders. They met over the course of several months to study and prioritize the needs of the district.

  • The total bond amount is $22,000,000. Details about the projects included and a cost breakdown can be found here.

  • If the bond is approved by voters, the Denison ISD I&S tax rate would remain the same and there would be no impact to homeowners.