Dallas Voters Approve $6.2 Billion of Bonds for School Projects

Voters in Dallas just approved a $6.2 billion bond package to tackle aging school facilities.

The Dallas Independent School District’s proposal to build 26 new schools, update gym facilities and fund new school buses was passed by voters in an election on Saturday.

A parent and student outside Mockingbird Elementary School in Dallas.

Photographer: Cooper Neill/Bloomberg

The giant bond package speaks to the importance of Texas for Wall Street’s public finance desks. The fast-growing state is a top issuer of municipal-bond debt, only behind California in deals this year.

Still, Dallas ISD has seen enrollment decline by nearly 13% since the 2019-2020 school year, according to bond documents. The district’s ...