In May 2014, the Northside ISD community approved a $648.34 million bond proposal to build 5 new schools and make additions and improvements to existing schools. The District has $2.2 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 Ratings ("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.
Official Bond Statements
The most recent official statements follow:
House Bill 1378 from the 84th Legislative Session requires the Northside ISD to report, on an annual basis, specific debt/financial information as of last day of the preceding fiscal year. The most recent debt transparency reports for the District follow: