Fiduciary Track Record
HPISD has been a careful steward of taxpayer dollars. The district’s most recent external audits have been the highest rated with unmodified opinions. The district received the highest financial integrity rating (A) from the state of Texas in 2020, a Transparency Star Award from the State Comptroller, a certificate of Achievement of Excellence in Financial Reporting from GFOA (Government Finance Officers Association) and the Certificate of Excellence in Financial Reporting from ASBO (Association of School Business Officials).
During the 2015 Bond election, HPISD estimated that the Interest and Sinking (I&S) tax rate could increase by up to $0.18 (for a total I&S rate of $0.26) for every $100 of taxable property valuation. By opportunistically accessing the capital markets, the district was able to capitalize on bond sales that only increased the tax rate by $0.11 at the peak (total I&S rate of $0.1955 in 2020, dropping to $0.17 in 2021-22). Now, with the tax compression caused by HB3, the district’s tax rate is close to returning to the same level it was prior to the passage of the 2015 bond election.
Visit the district's Business Services webpage to learn more about HPISD's fiduciary track record.