District sells another $4.5 million in 2024 voter-approved bonds

What happened

Canadian ISD issued $4.5 million in Series 2026 bonds for building, safety and school bus projects, and $3.8 million of it was still unspent on August 31, 2026. Voters approved $20 million in May 2024. The district has now issued $14.5 million, leaving $5.5 million that it has not yet issued.

Why it matters to families

The bonds pay for construction and safety work at the schools and are repaid through local property taxes. The remaining approved bonds mean more borrowing and building may still come.

The evidence

The debt transparency report as of August 31, 2026 lists 'Unlimited Tax School Building Bonds, Series 2026 Proposition A' at $4,500,000, with $700,723 spent and $3,799,277 unspent. It also shows $18,000,000 and $2,000,000 authorized on May 4, 2024, with $5,500,000 unissued. The 2025-26 check register shows about $4.28 million paid to Huseman Builders Inc.

The source