Previous Bonds and I&S Debt Info

The City of College Station is growing, and so is its school enrollment.  Depending on the year, CSISD enrolls 300 to 400 more students annually.  With this growth comes the need for more instructional space, technology, buses, and a host of other capital items which make a school district function at maximum efficiency.

In order to provide new buildings and infrastructure, school districts rely on selling municipal bonds.  These bonds are purchased by investors.  The district pays back the investor's original investment with interest.  It is akin to a family borrowing money to purchase a house or a vehicle.

CSISD is certainly not alone in experiencing rapid growth.  There are several school districts in Texas which are high-growth districts and have recently built a second comprehensive high school, just like CSISD.

See the chart below to see how CSISD’s I&S tax rate and total debt service obligations stack up against comparable districts.

School District

I&S Tax Rate


School District

I&S Debt

(principal + interest)

College Station ISD



Magnolia ISD


Georgetown ISD



College Station ISD


Tomball ISD



Georgetown ISD


Magnolia ISD



Bastrop ISD


Northwest ISD



Rockwall ISD


Rockwall ISD



New Caney ISD


Bastrop ISD



Tomball ISD


Burleson ISD



Forney ISD


Forney ISD



Burleson ISD


New Caney ISD



Northwest ISD


There are two tax rates CSISD residents pay each year in property taxes which go toward supporting the school district.

The first tax rate is the maintenance and operations (M&O) tax rate, which is currently set at $1.04 per $100 of valuation.  CSISD, or any other school district for that matter, does not borrow money for daily operations, which include employee salaries, paying the electricity bill, purchasing supplies, and any other day-to-day operations costs.  These items are covered solely through the money generated via M&O taxes.

The second tax rate is the interest and sinking (I&S) rate, which was reduced from $0.295 to $0.28 per $100 of valuation for this year.  The reduction is due to an approximate five percent increase in taxable values, as well as the district paying down its debt.  The district sets the I&S tax rate each year to coincide with the amount of money necessary to make payments on its bonds.  This money is not used for operations and, by law, can only be used for capital projects.  All debt service tax rate increases must be approved by voters and the maximum rate allowed by law is $0.50.

Big-ticket items, like school buildings and renovations, are financed for periods of 20-30 years, while items with a shorter shelf-life, like technology and vehicles, are financed for 5-10 years.

Additionally, school districts occasionally refinance bonds to get better terms and interest rates.  These refinances save the taxpayers a considerable amount of money.

The chart below outlines all of CSISD’s current bond obligations, including original bond sales as well as refinanced packages.  The chart also shows when each bond package is scheduled to be paid off and includes those obligations that have already been paid in full.

Bond Sale/

Refinance Year

Amount of Sale

Principal + Interest Owed

Payoff Date




Paid Off / 2006




Paid Off / 2007




Paid Off / 2011




Paid Off / 2012




























TOTAL Principal + Interest



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College Station Independent School District
1812 Welsh College Station, TX 77840 Phone: (979) 764-5400 Fax:
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