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 |
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
- Historical Bond Election Information
- Debt Service Reports
- Annual Report of Local Debt
- Debt Information - Last Five Years
- Outstanding Tax-Supported Debt (Issue by Issue)
- Tax Rate History
- Bond Ratings
- New Panel