Pecos-Barstow-Toyah ISD School Bond 2021
Every Child. Every School. Every Dollar.
PBTISD Bond 2021
Because of our industry, Pecos-Barstow-Toyah ISD is the most property-rich school district in Texas per capita. The current taxable assessed value of all land in PBTISD is over $16 Billion.
However, under the state’s recapture law (i.e. “Robin Hood”), PBTISD must give back over 80% of our property tax revenue to the state to be redistributed to “property poor” districts. That means for every $1 collected in local taxes, less than 20 cents stay here to be spent on our students.
Since the 2013-14 school year, PBTISD has sent almost $300 Million in local property tax revenues to the state. The projected 2020-21 recapture payment that we will owe the state is over $108Million.
Voter approved bonds, however, are not subject to this school finance system. Every $1 raised through a bond election stays right here at home. That’s right. $1 in taxes = $1 spent on PBTISD students.
This, in combination with our growth and aging facilities, is why the 2021 PBTISD Bond Advisory Committee was created. The 28-member committee’s mission was to create a community-driven bond proposal that addresses the immediate and long-term needs of our district – a plan that impacts every child in every school.