Copperas Cove ISD Approves Bond Issuance for Renovation and Construction

District receives 15 bids for bond sale, securing lower-than-expected interest rate

Feb. 5, 2026 at 5:15pm

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The Copperas Cove Independent School District (CCISD) board of trustees unanimously voted to approve the first issuance of bonds as approved by voters in the November 2025 election. The district received 15 bids for the bond sale, with Piper Sandler offering the winning bid at 4.128 percent interest rate, lower than the estimated 5.25 percent. This will result in approximately $25 million in savings over the life of the bond.

Why it matters

The successful bond sale and lower-than-expected interest rate will allow CCISD to move forward with its planned renovation and construction projects without needing to raise taxes as much as originally anticipated. This is a positive outcome for the district and its taxpayers, demonstrating the district's strong financial standing and ability to secure favorable financing terms.

The details

The $154.5 million bond package will be issued in two phases, with the first $67 million for Proposition A and $12.1 million for Proposition B being issued this year. The remaining $75 million will be issued within the next 12-18 months. The bonds will have a 30-year amortization and a 10-year optional prepayment period, allowing the district to potentially pay off the debt sooner. During the bond sale process, five Copperas Cove High School students were invited to observe and learn about the process.

  • The board voted to approve the bond issuance on Tuesday, February 5, 2026.
  • The district will make its first bond payments in August 2026.

The players

Copperas Cove Independent School District (CCISD)

The public school district serving the city of Copperas Cove, Texas.

Doug Whitt

Financial advisor with SAMCO Capital, who presented the bond sale results to the CCISD board.

Brent Hawkins

Superintendent of Copperas Cove Independent School District.

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What they’re saying

“It is a credit to you all as well for being good financial stewards of this district. When I bring you to the market and all of those Wall Street banks say, 'I want to invest in that district,' that's a credit to y'all… it means good things in the near term, keeping the tax rate as promised, but it also means good things long term.”

— Doug Whitt, Financial Advisor, SAMCO Capital (Cove Leader-Press)

“Of the 45 cents that we discussed with the voters, we are only asking for 30 cents of that this summer when you set your budget and your I & S tax rate. So we're going to phase this in as your construction and your bonds get phased in, and the big picture today is that we're going to start out with a tax rate less than we promised.”

— Doug Whitt, Financial Advisor, SAMCO Capital (Cove Leader-Press)

What’s next

The district will start making its first bond payments in August 2026 and plans to issue the remaining $75 million in bonds within the next 12-18 months.

The takeaway

CCISD's successful bond sale, with a lower-than-expected interest rate, demonstrates the district's strong financial management and allows it to move forward with planned renovations and construction projects without needing to raise taxes as much as originally anticipated. This is a positive outcome for the district and its taxpayers.