Well, they can't set rates today for a development that still only exists on paper.

If I was in that ISD I'd have a problem with that. Just wait for the increase in appraisal $$. Don't go after your current taxpayer to pay for the future now. They will be hit soon enough. You know the future is coming. Just sit back and let it pay for the growth. Bad advice to the school board from someone. Bet they have a hard time next election.

100% there will never be lower rates.

That money is going to go into the rainy day fund vortex.

This will only get worse, not better, as needs increase. But remember, it's for the greater good of your community.

Why did staff move this from politics? If I wanted it in Aggieland I would have put it there to begin with.

Last spring, before anyone knew about Terafab, the residents of Iola ISD voted for the tax increase to fund a new $59,000,000 high school. It was sold as a bond but they didn't hide that it would involve a higher tax rate.

Never mind that according to the district's own projections based upon a 4% growth per year over the next seven years, they projected approximately 10 additional high school students. Nevertheless 66% of the residents voted for the bond/higher tax rate.

With Terafab the current plan likely is already obsolete.
To account for additional growth with from the plant, the district might have to convert some of the excessive administrative offices into classrooms in the new high school.

"Apparently if Terafab is completed in 3 years, Terafab will pay approximately 92% of all Iola ISD revenue by itself, with the ISD's budget going from under 100 million to 1 billion a year."

The second part of your sentence doesn't correctly follow the first part. That's not how school finance works in Texas.

BuddysBud said:

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Last spring, before anyone knew about Terafab, the residents of Iola ISD voted for the tax increase to fund a new $59,000,000 high school. It was sold as a bond but they didn't hide that it would involve a higher tax rate.

Never mind that according to the district's own projections based upon a 4% growth per year over the next seven years, they projected approximately 10 additional high school students. Nevertheless 66% of the residents voted for the bond/higher tax rate.

With Terafab the current plan likely is already obsolete.
To account for additional growth with from the plant, the district might have to convert some of the excessive administrative offices into classrooms in the new high school.

---

66% of the residents that VOTED.

Duffel Pud said:

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BuddysBud said:

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Last spring, before anyone knew about Terafab, the residents of Iola ISD voted for the tax increase to fund a new $59,000,000 high school. It was sold as a bond but they didn't hide that it would involve a higher tax rate.

Never mind that according to the district's own projections based upon a 4% growth per year over the next seven years, they projected approximately 10 additional high school students. Nevertheless 66% of the residents voted for the bond/higher tax rate.

With Terafab the current plan likely is already obsolete.
To account for additional growth with from the plant, the district might have to convert some of the excessive administrative offices into classrooms in the new high school.

---

66% of the residents that VOTED.

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If those who didn't want a tax increase didn't bother to vote, then they have little reason to complain.

Indeed, only 634 of 2997 registered voters actually voted.
It looks like almost 80% of the registered voters let 14% of the voters give them a tax increase.
(Election results: https://grimescountytexas.gov/uploads/dm/79122/Iola_ISD_Official_Canvass_Results)

Here is an example of the importance of participating in local elections.