How are schools/facilities built/funded in Texas?
There are really only two mechanisms to build schools. One, which basically no school district can do – especially fast growth districts, is simply pay cash. Philosophically that sounds great, but it is just not feasible. The other way to fund the construction of schools is through voted bonds. For those who might have an objection to voted debt, honestly I do not disagree; however, the reality is that this is the ONLY mechanism that state allows school districts to build schools. We can’t even go to the bank and get a loan to build a school under the current system, which is counter-intuitive. So, I always encourage you to contact our state legislators and make the case to better fund schools and provide various means to build schools – especially in fast growth school districts like Prosper ISD.