FISCAL RESPONSIBILITY
Because of our fast growth, Celina ISD can fund all of the projects in the 2025 bond proposal using the existing tax rate.
- 100% of the bond funds will stay in Celina ISD to be used locally for our students and our schools. Bond funds are not subject to recapture
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Celina ISD received a Superior rating from the Financial Integrity Rating System of Texas. Superior is the highest rating given by TEA’s financial rating system
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Celina ISD has an “AA-” underlying credit rating, which was recently upgraded by S&P Global Ratings
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Celina ISD has an “AAA” long-term rating from the S&P Global Ratings
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CISD has a proven track record of finishing bond projects on time and on or under budget. We would apply the same approach to this bond
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Construction costs continue to rise by as much as 10% each year due to inflation. Delaying any project will result in high costs later
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Cost-savings due to any project completed earlier than scheduled will produce funds that can support future facilities within the scope of the bond order
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Public school districts get no help from the state for facility funding and rely solely on bonds to fund these necessary projects