Lockhart ISD

Lockhart High School Additions Progressing Well

LISD High School 1

The image above illustrates the progress that has been made at Lockhart High School to date. The additions to the front of the campus are taking shape and the foundation for the new Career and Technology/Ag wing is complete. The additions to the Field House are also generally complete. You can also see the new parking and traffic drives at the front of the campus.

Alma Brewer Strawn Elementary School Taking Shape

LISD Alma Brewer ES

The block walls are generally complete. Exterior masonry and stone work is underway. Structural steel continues. Roofing is ongoing. On the interior, metal stud walls are being installed. HVAC ductwork is being installed. Electrical and plumbing rough-in is also underway.

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 high school rendering 1 LISD High School rendering 2 LISD High School rendering 3 LISD High School rendering 4

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.

PSF Certificate

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