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Huffman Independent School District

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Debt Obligations

As part of our continuing commitment to transparency and accountability to our community, and in accordance with the Texas Comptroller's Transparency Star Program criteria for local governments, Huffman ISD maintains summary information about its outstanding debt.

Huffman Independent School District Dept Transparency:

Texas school districts' debt takes the form of bonds. School districts use bonds to pay for capital expenses such as facilities due to increased student enrollment, repairs/renovation of aging buildings, and/or evolving needs due to changing expectations. A bond is a debt investment in which an investor loans money to a school district, with interest, for a defined period of time. The repayment of the bonds are usually structured to match the life of the asset financed. 


School districts are required by law to ask their local voters for approval to sell bonds. A school board calls a bond election, and voters decide if the district will issue bonds (debt) for the identified needs. If the voters approve the bond election, the school district then may raise the I&S tax rate to repay the debt to the investors. The Debt Service/Interest & Sinking tax rate is set each year to generate tax revenue sufficient to repay debt payments for the year.

 

The second part of a district's tax rate, the General Operating/Maintenance & Operations tax rate, is used to pay for the day-to-day operations of the District. As part of our continuing commitment to transparency and accountability to our community, and in accordance with the Texas Comptroller's Transparency Star Program criteria for local governments, Huffman ISD maintains summary information about its outstanding debt.

2023 TAX RATE
$0.946 per $100 of Valuation 
 

First page of the PDF file: TaxSupportedDebtChart
Huffman ISD Tax Support Debt, FY 2019-2023

  

First page of the PDF file: TaxSupportDebtPerCapita2023

 

Debt Information

    

The District has no revenue-supported debt obligations or lease-purchase or lease-revenue obligations.

 

 

5 year Trend Issue-By-Issue Debt Obligations

Adopted Budgets

 

Links and Other Information

Texas Comptroller of Public Accounts Debt at a Glance Tool

Bond Review Board

Visit the Texas Comptroller's website at TexasTransparency.org for more information on local government finances in our state, including the existing and proposed debt of cities, counties, school and hospital districts and hundreds of special-purpose districts throughout Texas...

 

 

First page of the PDF file: HuffmanHistoricalBondElection
 
Huffman ISD does not have any upcoming bond elections.