{"meta":{"source":"bond_review_board_debt","publisher":"Texas Bond Review Board","url":"https://data.brb.texas.gov/","fiscal_year":2025,"districts":917,"what_this_is":"Debt still owed — principal not yet repaid plus interest not yet paid — as the Bond Review Board reports it. Every other debt figure on this site is what was paid in one year.","what_this_is_not":"None of this is evidence of wrongdoing. Borrowing to build schools is lawful, ordinary, and usually approved at a ballot box. Capital appreciation bonds were legal when sold and remain legal within the limits set in 2015.","limits":["Figures are as of fiscal 2025, the Board's most recent completed year. Years after it are the amortisation schedule for debt already sold, not a forecast of future borrowing — districts will issue more, so the schedule is a floor.","Excludes obligations maturing in under a year, commercial paper, and special obligations that do not require Attorney General approval, per the Board's own scope note.","Dollars repaid per dollar borrowed is reported at each district's PEAK year, not the current one. On outstanding balances the ratio rises on its own as principal is retired and is not a measure of anything.","No ratio is reported where CAB principal never reached $5m in any year on record. Below that the figure is dominated by a nearly-retired balance, and for districts whose bonds were sold before 2005, or whose reported years have a gap, the record never shows the deal at all. Their deferred interest is still reported — it is the ratio, not the debt, that is unknowable here.","Debt outstanding is not comparable to a district's operating budget: it is a stock owed over decades, and it sits outside TEA's operating total entirely.","68 of the Board's 1,035 listed school districts publish no series and carry no Board-tracked debt."]},"districts_reporting":917,"students_covered":5052833,"principal":148350391361,"interest":88318375274,"total":236668766635,"interest_share_pct":37.3,"per_student":46839,"cib":{"principal":147910821179,"interest":85962094789},"cab":{"districts":169,"principal_outstanding":439570182,"deferred_interest":2356280485,"what_it_is":"Interest that has been accruing since the bond was sold and on which nothing has been paid. It falls due in a lump at maturity.","largest":[{"district_number":"246913","district_name":"LEANDER ISD","students":42507,"deferred_interest":509370213,"principal_outstanding":26687418,"peak":{"year":2014,"principal":596339286,"deferred_interest":2072375714,"repaid_per_dollar_borrowed":4.48}},{"district_number":"070903","district_name":"ENNIS ISD","students":6626,"deferred_interest":152160380,"principal_outstanding":31414620,"peak":{"year":2008,"principal":116295548,"deferred_interest":231734452,"repaid_per_dollar_borrowed":2.99}},{"district_number":"043905","district_name":"FRISCO ISD","students":65151,"deferred_interest":148681743,"principal_outstanding":20933257,"peak":{"year":2012,"principal":37753851,"deferred_interest":190911149,"repaid_per_dollar_borrowed":6.06}},{"district_number":"129902","district_name":"FORNEY 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