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Ysleta ISD Secures $32 Million Loan to Manage Financial Needs

KVIA••Gabrielle Lopez
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The Ysleta Independent School District (YISD) has approved a $32 million loan to address immediate payroll and operational expenses. This decision, made during a special meeting, comes as the district awaits state funds and tax revenue. The loan is a follow-up to a previously approved agreement in May, which faced complications when one lender withdrew due to concerns over the district's financial disclosures. The district assures that the total amount borrowed will not exceed $32 million, highlighting the urgency of maintaining financial stability for its operations.

Key Details: • Loan approved on Wednesday to cover payroll and expenses • Initial loan agreement was made in May; one lender backed out • Total borrowing will not exceed $32 million

ysleta-isd education finance loan

People & Organizations

Ysleta Independent School District

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