Education News

HISD To Ask School Board To Borrow $200 Million To Cover Bond’s Budget Shortfall

The board will consider the proposal at its next meeting in October.

The Houston Independent School District has been trying to figure out how to cover a budget shortfall for its school bond program.

The district has said that inflation has eaten up more than $200 million meant for construction costs.

Now it plans to ask the school board to borrow most of that money with maintenance debt.

HISD said that this move shouldn’t affects its credit rating or tax rates paid by property owners.

The board will consider the proposal at its next meeting in October.

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Laura Isensee

Education Reporter

Laura Isensee covers education for Houston Public Media, including K-12 and higher education. Previously, she was a staff reporter at The Miami Herald and contributed to South Florida’s NPR affiliate. Her work has also appeared in The Dallas Morning News, Reuters and Clarín in Argentina. Laura has won awards for...

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