Arp ISD to pay down $1M debt, saving thousands in interest

Published 5:15 am Friday, December 20, 2024

A classroom is pictured at the Arp Junior High School Aug. 16, 2016. (Tyler Morning Telegraph File)

From Staff Reports

Arp ISD is taking significant steps to enhance its financial standing, the district said.

In February 2025, the district will pay $1 million toward the 2015 junior high school bond series, resulting in an anticipated savings of over $525,000 in interest.

The resolution was approved Dec. 9 at a regular Arp ISD school board meeting meeting.

“Our ability to reduce the debt on the junior high school facility bonds gives us even more financial opportunity to improve and strengthen our school district for many years to come,” Arp ISD Superintendent Shannon Arrington said.



In 2021, Arp ISD paid off a portion of the 2002 high school bond series four years ahead of schedule, saving $32,775 in interest, the district said.

“Thankfully, over the last several years, Arp ISD has been able to complete over $2.5 million worth of upgrades to our existing school facilities, thus providing students with valuable resources to enhance their education experience, and raising and incentivizing staff salaries, all while strengthening our financial standing,” Arrington said.

As funding for public schools in the State of Texas remains uncertain, the district said in a press release, the Arp ISD administration with the support of its school board is figuring out a way to thrive and give its students, and staff more of what they deserve education-wise, and employment-wise respectively.