School districts are required by state law to ask voters for permission to sell bonds to investors in order to raise the capital dollars required for projects such as building a new school. Essentially, the voters are giving permission for the district to take out a loan and pay that loan back over an extended period of time, much like a family takes out a mortgage loan for their home. A school board calls a bond election so voters can decide whether they want to pay for proposed projects.
The 2023 bond proposal asks voters to consider giving CFBISD authorization to issue bonds to fund capital improvement projects at existing schools, safety and security, technology, and build replacement schools. Projects in the 2023 proposal continue the district’s long-term “Grand Vision” plan for high schools and middle schools and to replace elementary schools when it becomes more cost efficient to build new.