Debt Management

In May 2010, the Northside community approved a $535.142 million bond proposal to build 6 new schools and make additions and improvements to existing schools. The District has $1.4 billion in general obligations bonds outstanding. More detailed information about the District's debt is presented in the Notes to the Financial Statements in the Comprehensive Annual Financial Report.

Long-term bonds are rated "AAA" by Moody's Investors Service, ("Moody's"), Standard and Poor's ("S&P"), and Fitch Investors Service ("Fitch") by virtue of the guarantee of the Permanent School Fund of the State of Texas. Moody's Investors Service recently raised the District's underlying long-term credit rating to Aa1. This marks the second time in recent years that a major rating agency has increased the District's bond rating. The underlying long-term credit rating of the District's debt has been maintained at 'AA+' by Fitch.