Debt Transparency Information

School districts and other governmental bodies  use bonds as a way to fund large-scale expenditures such as new construction, facility upgrades, equipment enhancements, and related capital projects. When voters in the district approve a bond election, the district is authorized to issue bonds as necessary to raise the funds required for these initiatives.

Issuing bonds is similar to a homeowner taking out a mortgage—it provides upfront capital that is repaid over time. The district repays this bonded debt, including both principal and interest, using revenue generated from the Debt Service (also known as the Interest & Sinking or I&S) portion of the property tax rate. This portion of the tax rate is set annually to ensure there are sufficient funds to meet that year’s debt obligations. In contrast, the General Operating, or Maintenance & Operations (M&O), portion of the tax rate supports the district’s everyday operational needs.

The information below is intended to help Beaumont taxpayers better understand the district’s current debt commitments and how they are managed.

2024-2025 Tax Rate

Rate Type	Amount
Maintenance & Operations	$0.80230
Interest & Sinking	$0.162610
Total Combined Tax Rate	$0.96491

 

 

 

Current Credit Ratings

Agency	Rating
Fitch	AAA
Moody's -Utility Bonds	A1
Moody's -General Obligation Bonds	AA3

 

Outstanding Debt Obligations - As of June 30, 2023

 

Per Capital	Total Tax-Supported Debt	Per Student
16,775	$299,036,349	$17,826.31