Voters in the Cypress-Fairbanks ISD approved a big bond measure yesterday:
A record $713 million bond issue to build new schools and renovate older ones in Cypress-Fairbanks won overwhelming approval Saturday.
The two-pronged bond referendum is the fourth voters have approved in the past decade in the Cy-Fair Independent School District, a system poised to become the third-largest in Texas.
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Officials are expected to increase the property-tax rate for debt service by up to 3 cents per $100 of value in the next five years. That would be about $19.50 more per year for the owner of a home valued at $100,000.
