After four months of deliberating, and on the heels of a controversial failed 2013 bond, the Katy Independent School District is considering a new bond for November's ballot.

The committee of stakeholders on Tuesday presented its proposal for a nearly $750 million bond to the school board at a meeting packed with more than 100 people.

"We're doing this because we've got kids coming," Chief Financial Officer Chris Smith told the board of the fast-growing district.

Nearly half of the requested funds would go toward new schools, including three elementary schools, two junior high schools, one high school and designs for three more new elementary schools.

The more than 67,000-student district is currently growing by some 3,000 students each year. This bond would add 8,890 new seats for those students.

It would also allow for renovated and expanded facilities for 13 schools and education offices.

Significantly, the bond proposal included plans for a downsized stadium - similar to one that sunk the most recent bond in the polls. The new proposal would cut the stadium from 14,000 seats to 12,000, reducing the cost from $69 million to $58 million, including parking and a field house.

Superintendent Alton Frailey supported the plan, calling it fiscally responsible. The proposal calls for a 1-cent tax rate increase, meaning a family with a home worth $200,000 would face a tax increase of roughly $20.

With all the families moving in, Frailey said, "All of us came to Katy from some other place." But he told the audience, "you're showing that you care about every child in Katy."

The board also approved the purchase of a 14.6-acre parcel of land on Kingsland Blvd. for roughly $1.5 million for one of the new elementary schools proposed in the bond.

The board has until August 18 to vote on the bond proposal.