Debt

    • hands pointing at graph on clipboardView required disclosures under HB 1378.  
    • Periodically, the taxpayers of Waxahachie ISD are asked to consider issuing bonds to improve educational opportunities afforded to the students in the district.  As a result of outstanding bonded indebtedness, a portion of the District tax rate (the Interest & Sinking, or I&S, portion) is devoted exclusively to servicing these debts. To increase the amount of outstanding bonded debt, the District would have to receive voter approval, through an election, before issuing any new bonds. 
    • Currently, the District has $232,338,708 in outstanding tax-supported debt principal, which is approximately $22,890.51 per enrolled student.  This amount represents outstanding debt from the 2002 bond issue through the most recent refund bonds issued to save interest costs for taxpayers.  The total outstanding debt per student is approximately $38,803.50.

Outstanding Obligations

Annual Obligation Schedule

FY Ending Aug 31 Principal Interest Total Payments
2022 $9,061,707 $14,347,641 $23,409,348
2023 $3,164,229 $14,091,565 $17,255,794
2024 $3,291,071 $13,960,754 $17,251,825
2025 $5,825,720 $11,581,405 $17,407,125
2026 $8,320,981 $11,587,643 $19,908,624
2027-31 $35,010,000 $42,532,625 $77,542,625
2032-36 $56,685,000 $29,649,455 $86,334,455
2037-41 $56,200,000 $17,860,925 $74,060,925
2042-46 $52,305,000 $5,779,400 $58,084,400
2047-51 $2,475,000 $125,375 $2,600,375
Total $232,388,708 $161,516,788 $393,855,496

Disclaimer

  • The Texas Comptroller of Public Accounts requires information to be posted in Excel format.  If alternate accommodations are required, please contact the Business and Finance office for assistance at (972) 923-4631.