Weatherford ISD has demonstrated strong fiscal stewardship by saving taxpayers more than $62 million through strategic bond refunding and defeasance over the past 13 years.
Since 2012, Weatherford ISD has refinanced existing bonds four times, generating $33.5 million in savings. Most recently, the district refunded bonds in 2024 and is preparing for an additional refinancing this fall, projected to save nearly half a million dollars more.
In addition, over the past five years, WISD has paid off more than $21.6 million in principal early, reducing interest obligations by another $7.1 million—a total debt service reduction of nearly $29 million through defeasance alone.
“These savings are the result of thoughtful financial planning and conservative management of taxpayer dollars,” said Superintendent Dr. Beau Rees. “We are committed to maximizing value for our community while maintaining the quality of education and facilities our students deserve.”
These savings reflect Weatherford ISD’s long-standing commitment to responsible, transparent financial practices and ensuring that every taxpayer dollar is maximized in support of students and staff.
“This is what strong financial leadership looks like,” said WISD Board President Mike Guest. “We’re proud to be good stewards of taxpayer funds.”
For more information about WISD’s financial management, visit our website.