What's happening
HISD is choosing to issue $100 million in bonds June 11. This is just a fraction of the $522 million in bonds approved by voters in May 2023. By selling the bonds, the district will generate funds to make improvements to facilities and technology.
How it works
Bonds issued Aug. 8 will carry a AAA rating by S&P Global and Moody's, according to the district. This is because of the district's liquidity and reserves being greater than 50% of its revenue, as well as the growing local economy.
The details
Proceeds from this series of bonds will be used for several projects, including:
- Buildout of the Hutto 9th Grade Center into the district's second comprehensive high school
- Construction of a second transportation hub south of the railroad tracks
- Deferred maintenance at existing campuses
Hutto ISD will issue a portion of voter-approved bonds passed in the May 2023 election on June 11.
