School District Calls $95M Bond Election for May
Princeton ISD board approved calling a bond election to fund new school construction and facility improvements to accommodate rapid enrollment growth.
The Princeton Independent School District board of trustees unanimously approved calling a $95 million bond election for May 3, 2026.
The bond package would fund construction of a new elementary school on district-owned land near County Road 382, renovations to the existing high school, and technology upgrades across all campuses.
District enrollment has increased by 18% over the past three years, and administrators project continued growth as new residential developments come online.
If approved, the bond would add approximately $0.13 per $100 of property valuation to the school district tax rate. For a home valued at $350,000, that would mean an additional $455 per year in school taxes.
Why It Matters
Rapid growth has strained existing facilities, with some elementary classes exceeding recommended student-teacher ratios. The district is currently using 12 portable classrooms.
What Happens Next
The district will launch a community information campaign in February, including public forums and a website with detailed project information. Early voting begins April 21.
Sources
- Princeton ISD Board Meeting - January 18, 2026
- Bond Package Presentation Documents