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Debt Transparency
Boerne ISD is committed to keeping our stakeholders informed about the district’s financial strength and stability to support informed decision-making that directly impacts student education.
The Business Department prepares and maintains financial reports and debt-related information that promote accountability and transparency. We are dedicated to ensuring this information is presented and regularly updated online.
To further enhance transparency around the district’s debt obligations, Boerne ISD will publish a Comprehensive Annual Financial Report for the fiscal year ending June 30, 2025. This report will include 10 years of historical debt data for stakeholder reference.
Debt Obligations
For the most up-to-date information on our debt, please see this live document:
HB 1378 Debt Transparency Report
For the most recent reports, please see the documents below:
Debt Overview
Under Texas law, school districts may issue bonds to fund major capital expenditures. For Boerne ISD, bonds are typically used for:
- Purchasing land
- Constructing and renovating school facilities
- Equipping and acquiring school buildings
- Refinancing property
- Purchasing new school buses and portable buildings
As a designated “Fast-Growth” district, Boerne ISD’s increasing student enrollment has been a significant driver behind recent bond issuances.
By law, school districts must seek voter approval to issue bonds. The school board calls a bond election, and local voters determine whether the district may take on new debt to fund identified needs. If approved, the district may adjust the Interest & Sinking (I&S) tax rate to repay the debt to investors.
Understanding the Tax Rate
Boerne ISD’s tax rate consists of two components:
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Debt Service / Interest & Sinking (I&S) Rate: Set annually to generate revenue for repaying bonded debt (both principal and interest).
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Maintenance & Operations (M&O) / General Operating Rate: Funds the district’s day-to-day operational costs.
Links and Other Information
“Per Capita” calculation source: Texas Municipal Advisory Council | Inflation adjustment uses the Consumer Price Index (CPI) published by the Bureau of Labor Statistics (BLS).
