Carrollton-Farmers Branch ISD Trustees unanimously approved the sale of the remaining $316.44 million in bonds during a special called board meeting Thursday, June 12.

This approval will allow the issuance of the remaining $316.44 million in bonds, maximize the Additional State Aid for Homestead Exemption (ASAHE) to be received from the state, produce the lowest total debt service to the district, and ensure the 2023 Bond’s financing to be completed on schedule.

Bond background

In May 2023, CFBISD voters approved a $716.44 million bond during the joint and special election. This approval allowed the district to essentially take out a loan, similar to a home mortgage, and repay it over an extended period of time.

A $400 million initial issuance occurred in July 2023 and the Bond Oversight Committee convened in October 2023. Facilities master planning as well as construction and advisory group meetings took place in 2024. The 89th legislative session began in February 2025, resulting in the signing of Senate Bill 4 in June 2025. This bill increased the homestead exemption for school district property taxes from $100,000 to $140,000, but only for issued debt.

This debt must be issued before September 2025 to qualify for ASAHE funds, a state funding program that provides aid to school districts, primarily to offset the impact of homestead exemptions on local property tax revenue.

Impact of school consolidation  

In March 2025, the district made the difficult decision to consolidate four campuses—Central Elementary, Furneaux Elementary, McCoy Elementary and Long Middle schools—under the approved Facilities Planning for Future Success plan.

Approximately $131 million of bond funds was originally budgeted for these campuses. It’s important to note that no decisions have been made regarding the reallocation of these funds. 

The district plans to engage in a deliberate decision-making process, including feedback from stakeholder groups and a community survey. Option development will include the Bond Oversight Committee, and Trustees will receive regular updates before any recommendations are presented.

Stay informed

CFBISD will provide regular bond updates via ParentSquare, the district website and social media. For more information, please visit the 2023 Bond webpage.