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.
2022-2023 Tax Rate
These tax rates are calculated per $100 of taxable value.
| Rate Type | Amount |
|---|---|
| Maintenance & Operations | $1.0080 |
| Interest & Sinking | $0.3007 |
| Total Combined Tax Rate | $1.3087 |
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 |
|---|---|---|
| 56,311 | $1,185,949,956 | 21,061 |
- Total Revenue-Supported Debt Obligations: N/A
- Total Lease-Revenue Obligations: N/A
Reports
Local Annual Debt Report
Debt Information for Previous Years Adopted Budget
- 2022-2023 Adopted Budget
- 2021‐2022 Adopted Budget
- 2020‐2021 Adopted Budget
- 2019‐2020 Adopted Budget
- 2018‐2019 Adopted Budget
Resources
Texas Comptroller of Public Accounts Debt at a Glance Tool
Bond Review Board Local Government Debt Data
