Following a recommendation from the district’s Facility Advisory Committee, the Lone Oak ISD Board of Trustees unanimously called a bond election for Nov. 2, 2021. If approved, two propositions totaling $44.9 million would fund classroom and science lab additions and renovations, band hall and career and technical education expansions, safety and security and ADA compliance upgrades, athletic improvements, and more. LOISD is complying with a recently enacted state law that requires certain projects, including most stadiums, to be listed as a separate proposition.
On their ballots, LOISD voters will see Proposition A for $41 million and Proposition B for $3.9 million. If both pass, the average district homeowner will see a school tax increase of approximately $6.25 a month (based on a $100,000 home). However, there will be no tax increase for taxpayers 65 years of age and older who have applied for and received the “age 65 freeze of school homestead taxes.”