The Public Math

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Bond

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A bond is a loan the district gets by selling IOUs to investors, then repays with interest.

In Leander. In 2023, voters approved $762.8 million in bonds.1

Everyday comparison. It is like a mortgage for school buildings.

Related terms: interest, principal, bond election, debt service. Read more: debt.

Changes to this page

  • Nov. 2, 2026: We cut the month and ballot-item count, which the cited page does not show.

Footnotes

  1. Board packet, Dec. 11, 2025, page 357: 2023 bond authorization totals $762,820,000. Packet page 357. ↩

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