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2016 Bond Initiative Facts

2016 Bond Website

GCISD receives no State funding for facilities or capital improvements. The Texas Legislature has chosen to fund facilities and capital improvements through local taxpayers. Accordingly, below we provide pertinent facts about GCISD bond programs, the financial management of the district related to voter approved bonds and the district’s transparency on these subjects.

Summary Statement of Facts

Each of the following statements is explained and supported with facts in more detail below.

Comprehensive Supporting Elements

chart below illustrates how GCISD currently compares to other non-fast growth DFW school districts. Again, GCISD is below both the State average ratio and the ratio of DFW area non-fast growth school districts

Financial Standing on Voter Approved Bonds After the 2016 Bond Election
Currently, the District has an outstanding principal of $435.4 million and $228.1 million in interest. These amounts include the $248.975 authorized by voters in May 2016.

2016 Bond Initiative Facts

Transparent with Voters

Effective Debt Management

Superior Financial Management

Transparent Process

Transparent with Voters

Set Repayment Structure

Transparent Communication About Debt Prior to 2016 Bond Election

Outstanding Financial Management to Reduce the Cost of Bonds

GCISD’s Superior Financial Management Indicated by Its Credit Rating from Nationally Recognized Agencies

Clear Communication to Voters About the Proposed Tax Rate Associated with the May 2016 Bond Election

Community Involvement in the 2016 Bond Initiative & Transparent Process Made Available to all Taxpayers

Repayment of Bonds