AISD is exploring funding for affordable housing for teachers
This challenge is to keep its teachers in the district.
Due to the exorbitant cost of property, many cannot afford to live in Austin.
AISD recently published not one, but two draft proposals.
The first proposal is $1.55 billion with no tax increase. It would upgrade 14 campuses, secure school entrances, upgrade technology throughout the district, and replace buses.
The second proposal is for $2.18 billion and would upgrade 21 campuses, increase technology spending and upgrade sports facilities and performing arts spaces. It would also provide affordable housing options for teachers.
AISD chief financial officer Eduardo Ramos said the district did not expect to come up with two options, but the projects are more expensive than a few years ago.
“A larger bond proposal would allow us to integrate more projects,” he said. “Which would enhance the learning experience for students on additional campuses.”
The second bond proposal would allocate $50 million towards affordable housing options for up to 400 teachers.
Although there are no concrete plans, apartments or even small houses could be bought from them in the neighborhood.
“The teacher housing proposal would give the district an opportunity to consider other ways to retain our teachers and recruit new teachers,” Ramos said.
This more expensive proposal would also require a tax rate increase of 1 cent.
“With the average home in the district at $650,000, that would represent an annual tax increase of $65,” Ramos said.
AISD is holding meetings to give you the opportunity to learn about the proposed 2022 bond package before it is finalized.
There will also be two in-person meetings on Saturday.
The first is at Dobie Middle School at 1200 E. Rundberg Lane from 10 a.m. to 12 p.m.
The second is at Travis Early College High School at 1211 E. Oltorf St. from 1:30 p.m. to 3 p.m.
On July 28, the AISD Board will vote to determine which bond will end up on the November ballot.