Arlington ISD Debt Obligations

School districts and other government entities issue bonds to finance major expenses such as buildings, building renovations, equipment improvements, and more. A bond election approved by the district’s voters allow the district to issue bonds as needed to supply the needed cash to undertake these projects and improvements.

Bonds are issued similarly to a homeowner’s mortgage in order to finance the purchase over time.  The district uses the Debt Service/Interest & Sinking Fund portion of the tax rate to repay the bonded debt, both principal and interest over a determined period of time. The Debt Service/Interest & Sinking tax rate is set each year to generate tax revenue sufficient to repay debt payments for the year. The second part of a district’s tax rate, the General Operating/Maintenance $ Operations tax rate is used to fund the day to day operations of the district.

The following information is provided to allow the city of Arlington taxpayers a resource to understand the district’s debt obligations.

2021-2022 Tax Rate

These tax rates are calculated per $100 of taxable value.

Rate Type Amount
Maintenance & Operations $1.0601
Interest & Sinking $0.3007
Total Combined Tax Rate $1.3608

Current Credit Ratings

Agency Rating
Moody's Aa1
Standard and Poor AA

Historical Bond Election Information

Election Date Issued Unissued Total Authorization Amount
November 5, 2019 $702,461,300 $263,538,700 $966,000,000.00
May 10, 2014 $663,100,000.00 - $663,100,000.00
November 3, 2009 $197,500,000.00 - $197,500,000.00
January 16, 1999 $161,250,000.00 - $161,250,000.00
January 16, 1999 $51,590,000.00 - $51,590,000.00
January 16, 1999 $30,000,000.00 - $30,000,000.00
January 16, 1999 $18,840,000.00 - $18,840,000.00
February 15, 1958 $5,000,000.00 - $5,000,000.00

All bonds authorized to date have been for the purpose of constructing, renovating and equipping school facilities as well as technology needs.  For more information on specific information regarding 2019 Bond projects, visit the https://www.aisd.net/bond2019/ site.

Outstanding Debt Obligations - as of June 30, 2021

Enrollment Total Tax-Supported Debt Per Student
56,840 $1,085,149,956 19,091
  • Total Revenue-Supported Debt Obligations: N/A
  • Total Lease-Revenue Obligations: N/A

Tax-Supported Debt Obligations

Google Charts Tutorial

Tax-Supported Debt Per Student

Total Tax-Supported Debt

Reports

Local Annual Debt Report

Debt Information for Previous Years Adopted Budget

Resources

Texas Comptroller of Public Accounts Debt at a Glance Tool

Bond Review Board Local Government Debt Data