To increase transparency, Southside ISD is committed to providing financial information that is transparent, relevant, and easily accessible.
The finance department is responsible for the management of the district's financial resources in a fiscally responsible and transparent manner. It is our goal to share this information, helping taxpayers better understand how their tax dollars are spent.
Understanding the District’s Debt Obligations
Bonds are a way to borrow money for the construction of capital assets and infrastructure improvement projects.
Voter-approved, tax-supported debt is secured through property taxes dedicated to paying debt service. A successful bond election authorizes the Board of Trustees to sell bonds as needed. Bond costs are not incurred until they are sold.
Investors loan the money needed for a specific length of time, at the end of which the bond issuer (the borrower) pays back the loan with interest. Issuers of conventional bonds pay periodic interest to the bondholders during the term of the bond.
Click here to see the debt obligations of SISD
