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Bond Information

Klein Bond Logo

On May 7, 2022, Klein ISD voters made district history as they approved $895,350,000 million in bond funding to benefit every student and school in Klein ISD.

These historic voter-approved funds will enhance safety and security, address growth and capacity challenges, modernize aging schools, renovate all schools, upgrade athletic, arts, and academics spaces, and purchase new technology for classroom learning and instruction.

Bond Videos

2022 Bond Progress Board Reports

Fiscal Management Highlights

  • Klein ISD has recently saved taxpayers over $70 million through five separate bond refinancing opportunities.
  • Bond interest rates are near all-time lows in the 42-year history of the Bond Buyer Index.
  • Bonds are authorized by voters and are sold in increments over time as needed to fund the projects.
  • State law allows for bonds to be financed for up to 40 years. However, Klein ISD’s repayment schedules are matched up with the useful life of the assets being constructed or purchased. Klein ISD generally limits the maximum term to 30 years.
  • Klein ISD maintains high credit ratings from bond-rating agencies. Klein ISD’s bonds are currently rated AA from S&P Global Ratings and Aa1 from Moody’s.
  • Klein ISD has received the highest rating available, Superior, from the state’s Financial Integrity Rating System and achieved an ‘A’ district accountability rating from the Texas Education Agency.

Bond Planning Process

Klein ISD referendum planning process was managed by a diverse, 100-community member Bond Steering Committee.

As part of the district’s ongoing management of finances and facilities, the Klein ISD Board of Trustees commissioned a Bond Steering Committee in November 2021 to develop a long-term capital program. Their goal was to make sure every student in every school has access to modern classrooms, academic programs, educational tools and resources.

The committee of almost 100 parents, grandparents, teachers, staff and business and community leaders from across Klein ISD, and directed by a professional facilitator, reviewed financial data, current curriculum and projected student growth and toured existing campuses. After months of extensive study, the committee developed a comprehensive bond recommendation to reflect the wishes of the Klein ISD community and its taxpayers.

Previous Bonds