Debt Transparency

  • The debt for a Texas school districts comes in the form of bonds voted on and approved by the citizens.  School districts use these bond funds to pay for large projects such as expanded facilities due to increased student enrollment, repairs and renovations of aging infrastructure, and new needs due to changing environments and expectations .  A bond is a debt investment in which an investor loans money to a school district, with interest, for a defined period of time, usually 20 to 30 years.  The repayment of the bonds are structured to match the life of the asset financed.  

    School districts are required by law to seek local voter permission to sell bonds.  The school board calls a bond election, and the voters make their decision on whether or not they want to approve the issuance of bonds (debt) for the identified needs. 

Debt Obligations Summary

  • Debt Obligations Summary as of 06/30/2018

    Total outstanding debt obligations $512,622,858
    Tax supported debt obligations $367,580,000
    Tax supported debt obligations  per capita $3,025
    Net pension liability $36,245,657
    Net OPEB liability $61,916,791 
    Premium on general obligation bonds $46,880,410 
    Sales tax rev. is not collected by Pearland ISD  

  • General Obligation Bonds from 2009-2018  Outstanding Debt Per Capita and Per Student 2009-2018