2023 Bond

Collin County election results

In the same way homeowners borrow money in the form of a mortgage to finance the purchase of a home, a school district borrows money in the form of bonds to finance the design, construction, expansion and renovation of facilities.

School districts are required by law to ask their local voters for permission to sell bonds. A school board calls a bond election, and the voters decide whether or not they want to issue bonds (debt) for identified needs.

Bond funds can be used to pay for new buildings, additions and renovations to existing facilities and purchasing land and equipment for new or existing buildings. Bond funds CANNOT be used for personnel or operating costs.

Bonds are repaid with local tax dollars and state matching funds.

A diverse group of 50+ citizens representing all areas of Princeton ISD met on five occasions to review information such as current district facility status and expected demographic changes in the district. The committee submitted a final recommendation to the board of facility needs for the next 10 years.

As a part of the long-range planning process, the school board authorized a demographic study to project student growth over the next 10 years. The comprehensive study projects the following:

• Current enrollment is 7,812
• Additional 10,386 students over the next 10 years
• 133% increase in the number of students
• 3,367 additional high school students
• 2,560 additional middle school students
• 4,459 additional elementary students 

Read the full report here

If approved, the Princeton ISD tax rate will not increase.

Since PISD's last bond election, the legislature passed a new law requiring school districts to include this language "this is a property tax increase," even when the district is not expecting a rate increase. This is because the issuance of new bonds increases the term of the debt repayment at the current rate. The 2023 bond will not impact the tax rate, but will elongate the repayment term at the current rate.

The bond initiative will not impact taxpayers who are 65 and older or disabled persons who have applied for and received a Residential Homestead Exemption.

More information on the Residential Homestead Exemption Application can be found at the Collin Central Appraisal District.

Use this application if you are eligible and have not yet applied.

Anyone who is a registered voter and lives within the Princeton ISD boundaries. 

Voting in person
Princeton City Hall
2000 E Princeton Dr.
Princeton, TX 75407

Collin County residents may also vote at any election site. View the full list of voting locations.

Voting in person or by mail:
Collin County Elections Department
210 Redbud Blvd., Suite 102
McKinney, TX 75069