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 $592,221,701 in outstanding tax-supported debt principal, which is approximately $16,642.13 per enrolled student. 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 per student is approximately $53,541.42.
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