First Phase of Lockhart High School Almost Ready for Returning Students
The additions to the front of the campus and the new Career and Technology/Ag wing are almost complete. Furniture delivery is underway. These spaces will be ready for students this year. Work on the stadium will also be complete in time for the football season to kick off. For more information, refer to the Lockhart High School Update Page.
Alma Brewer Strawn Elementary School Nearing Completion
The new elementary campus is nearing completion. Site paving is complete and sidewalks are nearing completion. Interior finishes are nearing completion and furniture is being delivered. 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|