Denton ISD Saves Taxpayers $6.6 Million by Refinancing Existing Bonds

Denton Independent School District has successfully refinanced a portion of its existing Bond debt, resulting in a savings of $6.6 million for taxpayers.
 
This strategic financial move reflects the district’s ongoing commitment to responsible fiscal stewardship and proactive management of voter-approved Bond funds. By taking advantage of favorable market conditions, Denton ISD was able to lower interest costs without extending the term of its debt, ensuring direct savings for local taxpayers.
 
Over the past two decades, Denton ISD has actively deployed various debt management practices, such as refinancing existing bonds at lower interest rates or prepaying bonds prior to final maturity, generating a cumulative savings of $332.585 million for taxpayers in the community. These savings help the district maintain lower tax rates while continuing to support projects that enhance student learning environments, safety, and infrastructure across its growing district.
 
“Fiscal responsibility is one of our core commitments to the community,” said Dr. Susannah O’Bara, Superintendent of Schools. “These savings directly reflect the diligence of our finance team in ensuring that every dollar is used wisely to benefit our students and staff.”
 
The district continues to maintain a Superior “A” rating in financial integrity from the Texas Education Agency, underscoring its consistent record of sound financial management and transparency. 
 
For more information about Denton ISD’s Bond program, visit the district’s Bond History webpage.