What will be the tax impact?
The district anticipates no increase in the 29.22-cent tax rate because:
• New construction continues to raise taxable property values
• Annual retirement of older bonds
• Older debt is refinanced at lower interest rates
• New debt to be issued over time

Bond passage will not affect teacher salaries.
Bonds that are sold do not affect teacher salaries. By law, bond money can only be used for new facility construction, facility renovation, technology and major capital improvements.

The bond will not increase your taxes if you are 65 years or older.
Taxes are frozen for all citizens age 65 and older who have filed for exemption.

What if the bond referendum fails?
• More portable buildings will need to be added for classroom instruction.
• The district would face higher maintenance costs, which could impact the funding of instructional programs.
• The district would have to consider a larger bond referendum in future years.

Why new schools?
• By 2007, Pearland ISD’s nine existing elementary schools will be at maximum capacity (6,872 students).
• For the new elementary schools to open for the ‘07-’08 school year, construction must begin in Spring of ‘06.
• By 2008, Pearland ISD’s three existing middle schools will be at maximum capacity (2,750).
• In order for the new middle school to open for the ‘08-’09 year, construction must begin in Spring of ‘07.
• District enrollment is predicted to grow in the next six years to a total enrollment of 28,800 students.