It's time to stop sinking LISD deeper and deeper into debt

The data on this page is from the Leander ISD website.
https://www.leanderisd.org/financialtransparency/
​Under the tab titled "Debt Management"

Currently LISD has $2.6 Billion in outstanding debt.  This amounts to $65,000 of debt for each of the 40,000 students attending LISD schools.  The next image provides details of the $2.6 Billion debt.

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The majority of money owed by LISD is interest on outstanding loans.  The next chart provides a graphical representation of the data shown in the previous table.  Millions of dollars that are owed each year could be more wisely spent on building facilities rather than paying interest on past loans.  

The school board has no plan for reducing this debt but rather has publicly discussed their plans to increase this amount of debt.  The lions share of payments on our debt are interest only.  All the interest on past debt could be used to build new facilities if we were not so deep in debt.

 The amount of principal owed by LISD has been steadily increasing under the direction of the current school board.  The next image shows the amount of principal owed on these loans.  This next graph shows only the amount of principal, with the interest not being shown.

It is time to replace irresponsible members of the LISD Board of Trustees who have never created a balanced budget and who want to keep sinking us deeper and deeper into debt. ​


Vote for Mike Sanders if you want this debt to go down.