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Valley Mills ISD board calls Nov. 4 bond election for $12.5M and $5.95M propositions

Valley Mills Independent School District Board of Trustees · August 18, 2025
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Summary

The Valley Mills ISD Board approved an order calling a Nov. 4, 2025 bond election with Proposition A for $12,500,000 and Proposition B for $5,950,000; consultants outlined tax-rate scenarios and the facility committee recommended moving forward.

The Valley Mills Independent School District Board of Trustees voted Aug. 18 to call a bond election for Nov. 4, 2025, asking voters to consider Proposition A for $12,500,000 and Proposition B for $5,950,000. The motion to adopt the order was made by Trustee Steven Owens and seconded by Trustee Jake Wolf; it passed 6–1 with Trustee Douglas Shanafelt voting no.

Consultants from Claycomb and Associates and Live Oak Public Finance presented the propositions and projected effects on the district's Interest & Sinking tax rate. Cody Holt reviewed bond options; Christian Merritt outlined two scenarios: in Scenario 1 a $9.5M Prop. A would raise I&S by $0.0984 and a $5.95M Prop. B by $0.0620 (combined +$0.1604); in Scenario 2 a $12.5M Prop. A would raise I&S by $0.1280 and combined with Prop. B by $0.19. Barron Bartels, speaking for the facility committee, recommended moving forward with calling the bond.

The board's order formally sets the election date and the two proposition amounts. No further procedural steps or financing contracts were adopted in the meeting minutes beyond calling the election; the district will proceed with election preparations under that order.