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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. 

Description

Amount 
Outstanding 
June 30, 2023

Per Capita

U/L Tax Schoolhouse Bonds, Series 2014

19,140,000

901

U/L Tax Schoolhouse Bonds, Series 2014

11,820,000

557

U/L Tax Refunding Bonds, Series 2016

41,335,000

1,946

U/L Tax Refunding Bonds, Series 2016A

21,555,000

1,015

U/L Tax School Building Bonds, Series 2017

94,400,000

4,445

U/L Tax School Building Bonds, Series 2019

75,155,000

3,539

U/L Tax School Building Bonds, Series 2019A

17,400,000

819

U/L Tax Refunding Bonds, Series 2020

66,335,000

3,124

U/L Tax Refunding Bonds, Series 2022

11,700,000

551

 

$358,840,000

16,897

     
Tax Debt History
Tax Debt Service Chart
Inflation-Adjusted Tax-Supported Debt

Pearland ISD Tax-Support Debt History (Excel)

 

Debt Obligations Summary as of June 30, 2023

Total Outstanding Debt Obligations

$505,856,268

Tax Supported Debt Obligations

358,840,000

Tax Supported Debt Obligations Per Capita

2,822

Net Pension Liability

65,670,293

Net OPEB Liability

34,443,137

Premium on General Obligation Bonds

$46,902,838

Sales Tax Revenue

N/A

Historical Bond Election Information