The State Auditor’s Office (SAO) has released a report on the Certification of the Permanent School Fund’s Bond Guarantee Program for Fiscal Year 2025.
As of August 31, 2025, the total principal of the 3,557 outstanding bond issues guaranteed by the Program was $143.94 billion, which included $138.14 billion for public school districts and $5.80 billion for charter districts.
The State Auditor’s Office certifies that, for the fiscal year ended August 31, 2025, the amount of school district and charter district bonds guaranteed by the Permanent School Fund’s (Fund) Bond Guarantee Program (Program) was within the limits applicable to the Program. In addition, the Fund had sufficient capacity to meet the State Board of Education’s reserve requirement.
The full report can be found here.
