Debt

Bond Debt Overview

Bond Issuance Process and Tax Implications

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.

In This Section

Details

Annual Obligation Schedule

FY Ending Aug 31	Principal	Interest	Total Payments	Per Capita (66,153)
2026	$10,240,981.10	$31,838,082.54	$42,079,063.64	$636.09
2027	11,210,000.00	29,780,125.00	40,990,125.00	619.63
2028	12,875,000.00	29,283,375.00	42,158,375.00	637.29
2029	14,595,000.00	28,655,450.00	43,250,450.00	653.79
2030	15,270,000.00	27,976,125.00	43,246,125.00	653.73
2031-35	87,840,000.00	128,398,975.00	216,238,975.00	3,268.77
2036-40	111,715,000.00	105,072,475.00	216,787,475.00	3,277.06
2041-45	141,685,000.00	76,177,475.00	217,862,475.00	3,293.31
2046-50	156,170,000.00	41,951,437.50	198,121,437.50	2,994.90
2051-53	111,025,000.00	7,374,225.00	118,399,225.00	1,789.78
Total	$672,625,981.10	$506,507,745.04	$1,179,133,726.14	$17,824.34

Debt Information

Disclaimer

Outstanding Obligations

Property taxes support all outstanding debt obligations. To date, WISD has not issued any revenue bonds.

Currently, the District has $0 in outstanding capital leases.

The district does not have any upcoming bond elections at this time.

For additional information regarding the outstanding debt of WISD, please visit the Texas Comptroller of Public Accounts Debt at a Glance Tool and the Bond Review Board’s Local Government Debt Data .

Tax-Supported Debt

Currently, the District has $688,906,701 in outstanding tax-supported debt principal, which is approximately $61,509.53 per resident of the district. This amount represents outstanding debt from the 2003 bond issue through the most recent refunding bonds issued to save interest costs for taxpayers. The total outstanding debt, including interest, is approximately $124,678.33 per resident of the district.

View the Required Disclosures Under HB 1378

Business & Finance Office

411 N Gibson Street
Waxahachie, TX 75165
(972) 923-4631