FISD sold the voter approved $85,200,000 in two separate Bond sales this past year. The first sale was for $45.2 million. This sale occurred on July 23,2014 and the Bonds sold with an average interest rate of 3.9647% over 30 years. The remaining $40 million was sold on November 15,2014 at an average interest rate of 3.89% over 32 years. With the low interest rates that were captured as well as a refunding of some of the Bonds from 2007, FISD is in great position to slightly reduce its I&S Tax rate over the next few years. The I&S Tax rate is the source that Texas School Districts use to pay off their bonds or debt.