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The Comal Daily

Comal County, before your second cup.

Comal County news every morning, with links to the original sources.

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The Comal Daily

Comal County, before your second cup.

Comal County news every morning, with links to the original sources.

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Comal County news deskLocal reporting, every day

The number behind Comal ISD’s bond tax-rate plan

Voters will decide on two bond propositions Nov. 3. The district says its debt tax rate can stay level; a model shows how different growth rates could change what taxpayers pay.

Listen to this articleComal.News narrated edition
Ready · 0:00 / 5:26
A navy balance scale holds a school, bus and device on one side and overlapping blue property shapes on the other, above a sparse Hill Country landscape.
Illustration: A balance scale pairs school projects with property values, representing the bond plan’s dependence on tax-base growth.Original editorial illustration; not a photograph and does not depict the reported event or an exact property.Comal.News Visual Desk · Original illustration · Source ↗ · Comal.News original illustration ↗

Comal ISD’s plan to keep its bond debt tax rate at 35 cents per $100 depends in part on how fast its taxable property base grows.

At 5% annual taxable-value growth, the model puts the 2030-31 debt-service rate at about 38 cents per $100, versus the 35-cent rate adopted for 2026-27. That is the number to watch. A larger tax base can bring in more money at the same rate; a slower-growing one gives the district less room to make payments on new bonds.

Voters face two requests: $539,955,000 in Proposition A for facilities, land and buses, and $27,045,000 in Proposition B for technology. The district’s Proposition A list includes two elementary schools, other capacity projects, repairs, security work, land and buses with seat belts. Its bond overview describes Proposition B as funding devices and network improvements.

Start with the existing payment

Comal ISD adopted a debt-service tax rate of 35 cents per $100 of taxable value for 2026-27. Think of debt service as the bond-payment line in the district’s budget. A Comal.News calculation using the district’s audit and debt book puts payments on existing debt at about $102.6 million in 2026-27 and $99.1 million in 2030-31. Collections at roughly the adopted rate on the audited 2025 taxable base already about match those scheduled payments.

What happens when new bonds add payments? In the model, keeping the debt-service rate at 35 cents while paying for both propositions requires taxable value roughly 39% to 42% above the audited 2025 base. Spread over five years, that is about 7% growth a year. The same calculation puts annual payments on the modeled new bonds at about $44.6 million once all are outstanding. That is an illustration of the financing, not a schedule of actual bond sales.

Walk the growth rate down

Why the difference? The modeled payments stay fixed while the taxable base grows more slowly. The rate has to do more of the work. At 10% annual growth, the same calculation produces about 30 cents; at 3%, about 42 cents.

Comal.News modeled 2030-31 debt-service rate under taxable-value scenarios
Taxable-value scenarioModeled rate per $100
10% annual growth$0.30
7% annual growth$0.34
5% annual growth$0.38
3% annual growth$0.42
Flat at 2025 base$0.49
5% below 2025 base$0.51

The final row means taxable value in 2030-31 is 5% below the audited 2025 base, not that it falls 5% each year. Rates are rounded.

The model assumes Proposition A is repaid over 25 years at 5% interest and Proposition B over five years at 5%. Actual issuance would be staged. Future taxable values, construction, borrowing costs, sale timing and the district’s debt-fund balance could all change the result. These rows test sensitivity; they are neither district rate proposals nor forecasts.

History shows why one growth figure should not be mistaken for a promise. District taxable values grew about 10% a year on average from 2016 in the calculation, while the most recent annual change it uses was about 2.5% in 2024. Nearly half the district’s taxable base is commercial, according to its tax-rate information. These figures describe taxable property of several kinds, not just home prices.

A rate claim and a ballot warning

The district says the projects can be funded at its existing debt-service rate. Its bond FAQ also says the ballot must carry the words “THIS IS A PROPERTY TAX INCREASE.” The first statement is about the district’s projected rate for repaying debt; the second is ballot wording. The FAQ says appraisal districts determine property values and describes a school-tax ceiling for homeowners with an over-65 exemption.

The district offers a reminder from its own history: it says taxable values fell in 2011 and 2012 and that it raised the debt-service rate as a result. That episode explains the sensitivity, but it does not predict this election’s aftermath.

What voters can check next

Early voting runs Oct. 19–30, ahead of the Nov. 3 election. Voters can use the district’s voting information to check the timetable and its separate proposition descriptions to inspect what each request would fund. The next financial checkpoints are an updated taxable-value estimate and, if voters approve either proposition, the district’s bond-sale schedule.

From the source record

Modeled rates for 2030-31 under six taxable-value scenarios, using the assumptions in the Comal.News debt-service calculation.The district adopted a 2026-27 debt-service rate of $0.35 per $100.

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