New facilities and upgrades financed by the Forth Worth Independent School District’s $593.6 million bond program will benefit students for many years, superintendent Walter Dansby said last week.
“It’s really going to make a difference for generations of young people in Fort Worth,” Dansby said.
Dansby told a community meeting that the bonds authorized by voters in 2007 will finance the construction of five new schools, additions to eight more, and improvements at every campus. The district has used the proceeds to install 5,000 interactive white boards and upgrade science labs.
A sixth new school was planned, but the project was deferred due slow growth in the southwest sector of the district.
Fort Worth ISD’s $748 million of outstanding debt is rated Aa1 from Moody’s Investors Service and AA by Standard & Poor’s.
The district’s debt is enhanced to triple-A through the Texas Permanent School Fund.