If the Penny Swap is approved by voters, how will FWISD use the additional $23 million/year?

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The additional revenue will be spent on:

  • Life cycle improvements at elementary and middle schools, new buses, safety and security, technology improvements, HVAC and energy efficiency, and band uniforms and instruments, just to name a few types of projects;
  • In the event taxable property values decrease in the future, some of the additional funding may be used to offset a funding gap between anticipated revenues and expenditures.