- Princeton ISD
- Bond Information
2023 Bond Proposal
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Princeton community members are encouraged to explore this informational webpage to learn more about what's included in the proposed bond package; how the bond proposal was developed and how PISD's conservative fiscal approach currently allows the district to fund capital projects without an increase to the district's tax rate.
The bond proposal provides eight additional campuses to address the continued growth that is projected over the next 10 years.
- 1 early childhood center
- 4 elementary campuses
- 2 middle school campuses
- 1 senior high school
The bond proposal will be presented to voters in one single ballot proposition. Sample ballot:
PRINCETON INDEPENDENT SCHOOL DISTRICT SPECIAL ELECTION
PRINCETON INDEPENDENT SCHOOL DISTRICT PROPOSITION AThe issuance of $797,000,000 of bonds by the Princeton Independent School District for the construction, renovation, acquisition and equipment of school facilities in the district, including the acquisition of land therefor, and levying the tax in payment thereof. This is a property tax increase.
Proposed schedule of construction
Early childhood No. 2 2025 Elementary No. 9 2026 Middle school No. 4 2026 Elementary No. 10 2027 Senior high school No. 2 2029 Elementary No. 11 2030 Elementary No. 12 2031 Middle school No. 5 2032










Frequently Asked Questions
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Election Results
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What is a bond?
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.
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What is a bond election?
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.
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What can bonds fund?
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.
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How are bonds repaid?
Bonds are repaid with local tax dollars and state matching funds.
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How was the bond plan determined?
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.
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Demographic information
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
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How will the 2023 bond election affect my PISD tax rate?
If approved, the Princeton ISD tax rate will not increase.
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Why does the ballot say this will be a tax 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.
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What is the tax impact on seniors?
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.
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Who is eligible to vote?
Anyone who is a registered voter and lives within the Princeton ISD boundaries.
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Where can I vote?
Voting in person:
Princeton City Hall
2000 E Princeton Dr.
Princeton, TX 75407Collin 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