BOND PROPOSAL
NEW 2ND MIDDLE SCHOOL
$97,500,000
ROISD is proposing a new additional middle school to relieve current capacity at the existing middle school and prepare for projected growth. The current middle school population of around 1,600 would be divided after the new school opened so each campus would have 800 students, plus room to accommodate new enrollment.
Capacity of 1,200 students
Located on Ovilla/Glenn Heights site
Projected Opening: August 2025
Design will be expandable for the future, if needed
Tax Impact
Due to the current bonding capacity for Red Oak ISD, the current tax rate for Interest & Sinking (Debt Service) would cover the cost of this bond without a tax rate increase.
While the bonding capacity does fluctuate with bond rates and the District’s financial position, we continue to pay previous bonds (usually 30 years) off early and reduce our debt. The District has no control over property values which are set by Appraisal Districts.
2021-22 ROISD Tax Rate
M&O .9603 + I&S .3653 = Total Tax Rate 1.3256
2022-23 ROISD Tax Rate
M&O .9429 + I&S .3481 = Total Tax Rate 1.2910
Red Oak ISD Growth
Red Oak ISD has not had a bond approved in 15 years while growth in the area continues to increase. Meanwhile, the district continues to see steady growth. Nearly 300 students have been added just since last year, and the projected enrollment will top 7,100 by 2026, just three years down the road. Data from the City of Red Oak states more than 2,200 new single-family homes are on track to be completed in the next four years, with an average of 2.95 people per home.
An additional middle school would allow us to have two 800-student schools with room to add over 800 additional students in the future.
Combine capacity of two schools - 2,400 students in grades 6-8
1,200 in each If current enrollment (1,600) split - 800 students in each facility