Coppell ISD bond update: $175.5M remaining, next sale expected this spring

Finance staff provided a comprehensive update on the 2023 bond program, reporting that the district has approximately $175.5 million of authorization remaining after prior tranche sales (about $74M sold in July 2023 and $72M sold in February 2025). Staff said they expect to sell roughly $87 million in spring 2026 and to issue the remainder as project timing requires.

Officials reviewed the four propositions in the bond package (prop A: renovations/refreshes; prop B: technology; prop C: Buddy Ecclesfield project funds already sold; prop D: tennis center and athletics), explained that bond proceeds must generally be spent within three years, and noted the district earns interest on unsold proceeds which must be used for capital projects. Finance staff also addressed why taxpayers may still see higher dollar taxes even when the tax rate declines: rising property values increase tax bills despite a stable or lower tax rate.

The board asked about whether bond funds can be used for operational gaps (they cannot) and about timing and staging for major projects. Staff described completed and upcoming projects, said current projections show the district about $25 million under allocation on certain prop-a work after earned interest and prior savings, and reaffirmed ongoing reporting to the board.