A goal of the Wylie ISD Board of Trustees is to manage growth in a way that provides functional equity, financial responsibility and assurance of all student needs.
In 2019, Wylie ISD voters passed a $193.7 million bond referendum. Our district planned this bond program for one purpose: to accommodate our growing student population, focused on updating four key areas:
- Renovations and Additions to Address Current Growth
- Provisions for Future Growth for the Next Five Years
- Functional Equity
- Safety and Security
Wylie ISD believes in being good stewards of taxpayer dollars, which is why this bond only included projects at schools with the most need. In keeping with the promise of financial responsibility, Wylie ISD established and followed planning standards to guide the process.
Please take a moment to view our short video that outlines what was promised and delivered from the 2019 bond.
Preparing for Success
Skyrocketing construction costs have resulted in more than 10% annual price increases. Careful budgeting and advanced pre-work saved millions of dollars and ensured that all projects could be completed on time and within budget.
Prepared Construction Documents
We began construction with complete construction documents to provide the classroom space needed to accommodate student growth and avoid using portable classrooms, saving nearly $4 million.
Maximizing Campus Efficiency
Expanding the number of classrooms for each campus increases student enrollment capacity and prevents the cost of constructing an entire school, and allows students to remain at their home campus.
Proactive Bond Financial Planning
Just like your home, interest rates increase the cost of financing construction. When taxpayers approved the 2019 bond referendum, Wylie ISD optimized the bond interest rates. The same bond program issued today would incur an additional $37 million in financing costs. Locking in these costs allowed Wylie ISD to establish an early Guaranteed Maximum Price and ensured the promised projects would be delivered.
PLANNING FOR THE FUTURE
Wylie ISD is on track to meet our 2019 enrollment growth projection of 19,169 students by 2023. We have already surpassed October 2022 projections, with current student enrollment at 18,814.
Not to worry; we are prepared. We monitor and adjust based on demographic trends, construction lead times, class sizes and campus capacities. On behalf of our kids and our educators, THANK YOU to the taxpayers for supporting the 2019 bond program.
We are committed to promising and delivering the Wylie ISD Board of Trustees goal to “Manage growth in a way that provides functional equity, financial responsibility and assurance for all student needs,” the Wylie Way!