Grayson Co. Jail Bond Breakdown - KTEN.com - Texoma news, weather and sports

Grayson Co. Jail Bond Breakdown

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GRAYSON CO., TX - What does a bond election concerning the Grayson County jail mean for your finances? KTEN's Katy Blakey breaks down the numbers.

We told you at Midday, voters will decide in November on whether or not to sign off on a $34 million dollar bond to build a new jail or renovate the existing one.

If the bond election passes, Grayson County residents will see an increase in their tax rate.

According to Grayson County Judge Drue Bynum the current rate is .4909, roughly 49 cents, for every $100 of apprasial value.

If this bond passes, county leaders say most likely the tax rate would go up - somewhere around 53 to 55 cents. This means if you own a home appraised at $100,000, right now you pay about $49 dollars. If the bond passes, those tax dollars would go up to around $54 dollars, for that one example.

The court has said it's a simple question before voters: Do you want your tax dollars to go towards building a new jail or renovating the existing one? Or do you want a private company to build the jail without your tax dollars?

Commissioner Jackie Crisp says the entire private process has been about saving the taxpayers money.

"If we remodel the old jail, put a band-aide on with $10 million - somebody has to pay for that," said Crisp. "If we spend 20 million - somebody has to pay for that, but if we can bring in outside prisoners to pay for it, it doesn't cost anything."

Surrounding city leaders, former county leaders and residents KTEN spoke with said they are glad this is going to a vote, but do not believe the county needs a 750 bed facility.

Katy Blakey, KTEN News

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