Featured Municipal Bond in the Market, Week of 07/05/2016: Coppell Independent School District (TX)

This week’s featured bond comes from Coppell Independent School District (ISD), which scheduled to issue $137 million in school building and refunding bonds the week of June 27, 2016. The purpose of the bonds are to refund previously issued bonds, and to either build new schools or expand existing schools, among other infrastructure projects. Security for the bonds comes from an approved property tax increase, and more information can be found directly with Coppell ISD here. Coppell, TX is part of the Dallas–Fort Worth–Arlington, TX Metropolitan Statistical Area, which has an unemployment rate of 3.5% as of May 2016, which is 1.2% lower than the national rate.

Provided at left is a quick snapshot of financial characteristics of Coppell ISD, compared with the sector medians for all school districts, courtesy of Merritt Research Services, LLC. Merritt has many of the sector medians publicly available and regularly updated on their Benchmark Central page. (Merritt believes the data to be reliable but does not make any representations as to its accuracy or completeness)In addition to the Merritt information related to the featured bond, more  information can be found on our municipal bond calendarcity, state, and county pages, and our employment databaseThese facts and numbers are for informational purposes, and should not be considered an official disclosure for potential investors. Investors should consult the official statement.