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, 2025
|
Issue Description |
Principal Outstanding |
Per Capita1 |
|
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 |
314 |
|
Unlimited Tax Refunding Bonds, Series 2016A |
17,950,000 |
166 |
|
Unlimited Tax School Building Bonds, Series 2017 |
87,045,000 |
805 |
|
Unlimited Tax School Building Bonds, Series 2019 |
75,155,000 |
695 |
|
Unlimited Tax School Building Bonds, Series 2019A |
16,730,000 |
155 |
|
Unlimited Tax Refunding Bonds, Series 2020 |
50,945,000 |
471 |
|
Unlimited Tax Refunding Bonds, Series 2022 |
11,700,000 |
108 |
|
Unlimited Tax Refunding Bonds, Series 2023 |
13,195,000 |
122 |
|
Unlimited Tax School Building Bonds, Series 2024 |
43,700,000 |
404 |
|
Total Debt Outstanding as June 30, 2025 |
$ 355,185,000 |
$3,284 |
|
1 Per capita figures are based upon an estimated 2025 population of 108,165 |
||
Outstanding Unlimited Tax Debt Service as of June 30, 2025
Tax-Supported Debt 5-Year History (Millions)
Tax-Supported Debt Per Capita Inflation-Adjusted
Debt Obligations Summary as of June 30, 20251
|
General Obligations Bonds |
$ 392,797,774 |
| Leases | 1,522,778 |
| Subscription Based Information Technology Arrangement (SBITA) | 1,278,746 |
Total Outstanding Debt Obligations |
$ 395,599,298 |
| 1As shown in Statistical Section, Table 9 of the Annual Comprehensive Financial Report | |
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
