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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 Outstanding by Series as of June 30, 2024

 
Issue Description
 Principal Outstanding 
 Per Capita
 Unlimited Tax Schoolhouse Bonds, Series 2014 $ 2,615,000  $ 24 
 Unlimited Tax Refunding Bonds, Series 2014  2,150,000   20 
 Unlimited Tax Refunding Bonds, Series 2016  34,000,000   312 
 Unlimited Tax Refunding Bonds, Series 2016A  19,845,000   182 
 Unlimited Tax School Building Bonds, Series 2017  91,245,000   838 
 Unlimited Tax School Building Bonds, Series 2019  75,155,000   690 
 Unlimited Tax School Building Bonds, Series 2019A   17,070,000   157 
 Unlimited Tax Refunding Bonds, Series 2020  58,625,000   539 
 Unlimited Tax Refunding Bonds, Series 2022  11,700,000   107 
 Unlimited Tax Refunding Bonds, Series 2023  19,395,000   178 
Total Debt Outstanding as June 30, 2024
$ 331,800,000 
$ 3,047 
1 Per capita figures are based upon an estimated 2024 population of 108,859

 

Outstanding Unlimited Tax Debt Service as of June 30, 2024

 

Tax-Supported Debt 5-Year History (Millions)

Tax Debt History

 

Tax-Supported Debt Per Capital Inflation-Adjusted

Inflation-Adjusted Tax-Supported Debt

 

Debt Obligations Summary as of June 30, 2024

General Obligations Bonds

$ 331,800,000

Premium on General Obligation Bonds  40,805,435
Leases 1,559,345
Subscription Based Information Technology Arrangement (SBITA) 485,930

Net Pension Liability

70,932,005

Net OPEB Liability

29,340,144

Total Outstanding Debt Obligations
$ 474,922,859

 

Historical Bond Election Information