Next Phase of Lockhart High School Well Underway
On Monday, August 22, students began the new year at a Lockhart High School with a new look. However, construction teams were already working on the next phase. Demolition of the old 600 wing will make way for the new Performing Arts Center. Demolition of the old 300 wing is making way for a new two-story academic wing and a new library/media center. The photo below show the progress to date. For more information, refer to the Lockhart High School Update Page.
Alma Brewer Strawn Elementary School Finishes On Time and Under Budget
Elementary students stepped into Lockhart's newest elementary on Monday, August 22. The new and creative design offers a variety of unique characteristics, including a secure outdoor learning space, shown below. In celebration of the new campus, the Board of Trustees held a formal ribbon cutting ceremony on the evening of September 8. The staff of the new campus welcomed local dignitaries, community members, district staff, parents and of course a number of students that will be served by the new building. For additional details, refer to the Alma Brewer Strawn ES Update tab.
Renderings Bring Lockhart High School to Life
The renderings below illustrate interior and exterior spaces that will be part of the completed additions and renovations to Lockhart High School.
LISD Receives PSF Certificate
Through the Bond Guarantee Program, the Texas Permanent School Fund is pledged to guarantee bonds issued by Texas school districts thus enhancing their credit rating. Bonds issued under the Bond Guarantee Program are rated AAA, thus allowing participating school districts to borrow at a lower cost. Lockhart ISD recently received its certificate. This guaranteed enabled LISD to sell bonds at a much lower interest rate than planned. As a result, the tax impact is also lower. Please refer to the related headline below.
Board Adopts Lower Tax Rate than Projected
Prior to the bond election, the District projected the interest rates on the bonds at 4.38%. Based on that assumed rate, the maximum tax rate increase was estimated at $0.3228/$100 in taxable value. The District was able to actually issue the bonds at an average interest rate of 3.859%. As a result, the Board adopted an increase of $0.2496/$100 in taxable value. This means the monthly impact to the average home value in Lockhart ISD of $89,793 will be $18.68/mo rather than the $24.15/mo projected. The chart below reflects the revised monthly impact to various home values based on actual average interest rate on the bonds.
|Net Taxable Value After Exemptions||$50,000||$75,000||$89,793||$100,000||$150,000||$200,000|
|Maximum Estimated Monthly Tax Increase||$10.40||$15.60||$18.68||$20.80||$31.20||$41.60|