DEBT TRANSPARENCY
Pine Tree ISD believes in providing our taxpayers with clear and relevant financial information in a format that is transparent, easily accessible, and understandable.
PINE TREE ISD DEBT OBLIGATIONS
School districts and other government entities issue bonds to finance major expenses such as buildings, building renovations, equipment improvements, and more. A bond election approved by the district's voters allows the district to issue bonds as needed to supply the needed cash to undertake these projects and improvements.
Bonds are issued similarly to a homeowner's mortgage in order to finance the purchase over time. The Interest & Sinking (I&S) tax rate is set each year to generate tax revenue sufficient to repay debt payments for the year. The second part of the districts tax rate is Maintenance & Operations (M&O) tax rate is used to fund the day to day operations of the district.
2024-2025 TAX RATE
CURRENT CREDIT RATINGS
HISTORICAL BOND ELECTION INFORMATION
TOTAL LEASE-PURCHASE OBLIGATIONS
* The District currently has an upcoming bond election on November 7th, 2023 in the amount of $55 million.
* Pine Tree ISD does not have any lease-revenue obligations.
