CFO and consultants present fiscal model: what Lamar CISD could gain and give up

Consultants and Lamar CISD's finance team walked trustees through modeled tax and revenue scenarios tied to the JEDI application for Project Crystal Sun, contrasting the project's $10.1 billion capital‑spend estimate with a modeled peak taxable value of around $3.94 billion.

The presentation explained that construction spending and taxable value differ because many construction costs (land, design, equipment, IP) are nontaxable; the consultants' model used the taxable-value concept to estimate how much value would enter the appraisal roll. The slides the consultants showed projected roughly $316 million in combined I&S and M&O taxes from the modeled project period, with about $212 million from I&S and around $104 million from M&O in their scenario.

District CFO Mr. Buchanan described the district's independent model, saying the district would receive roughly $89,000 more in M&O revenue over a 16-year span under the modeled agreement than it would without it, and estimated additional bonding capacity of about $180.3 million without increasing the I&S tax rate. Buchanan said he would bring more granular comparisons of hypothetical residential development versus the industrial scenario to the Sept. 15 meeting to show how a mix of uses changes revenue and service demands.