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. 

  • DebtInfoSummary

Debt Obligations Summary as of June 30, 2020

    Total outstanding debt obligations $610,984,102
    Tax supported debt obligations $433,230,000
    Tax supported debt obligations  per capita $3,295.83
    Net pension liability $57,992,918
    Net OPEB liability $70,636,735
    Premium on general obligation bonds $49,124,449
    Sales Tax Revenue N/A