Series 2021 Bond Sale

$44,330,000* LAGO VISTA INDEPENDENT SCHOOL DISTRICT
Unlimited Tax School Building Bonds, Series 2021

The bonds will be offered in $5,000 increments and are payable as to principal and interest from a continuing and direct annual ad valorem tax levied by Lago Vista ISD against all taxable property located within the school district, without legal limitation as to rate or amount. It is anticipated that the payment of the bonds will be additionally guaranteed by the corpus of the Permanent School Fund of the State of Texas.

Official Nov 4, 2020 Bond Election Results

Prop A
For - 3,766
Against -3,465

Prop B
For - 3,347
Against -3,824

Prop C
For - 2,804
Against - 4,369

Background

In August 2020, Lago Vista ISD Board of Trustees called for a bond election with 3 different propositions (A, B, and C). The bond proposals were developed and recommended by the Long Range Planning Committee (LRPC), a diverse group of LVISD parents, staff, local citizens, and community leaders. The committee was tasked with studying and prioritizing the district needs and spent the next few months touring every facility, reviewing facility and equipment needs, looking at potential solutions & costs and surveying the community. After months of meetings, the LRPC made a recommendation to the Board to call for a Bond Election.

In November 2020, LVISD voters approved Propositions A. Proposition A ($44,330,000) includes updates to safety and security, student enrollment growth, aging facilities and academic program needs.

Proposition B (New transportation center/bus barn) and Proposition C (Stadium and Field House improvements) were not approved by voters.