...The 'AA' Issuer Default Rating (IDR) reflects the district's strong operating profile, with reserves and solid expenditure flexibility that yield the highest gap-closing capacity. Moderate enrollment growth, while supporting strong revenue growth expectations, led the district to seek approval for additional capital spending from voters. However, Fitch Ratings expects that the district's long-term liability burden will remain moderate as a percentage of market value (MV). Economic Resource Base: Goose Creek CISD is located in the southeastern part of Harris County, and includes the city of Baytown. The Houston Ship Channel (Port of Houston Authority [TX]: AA/Stable) runs through the district's western boundary. The district serves a 2018 census population of about 114,200 and roughly 24,000 students. The local economy is highly industrial, with a significant petroleum presence (both exploratory and refining) led by Exxon Mobil, which accounts for a high 25% of the district's tax base. Fitch...
