Leander Independent School District, Texas' GO bonds are rated 'AAA' based on the security of the Texas Permanent School Fund guarantee. The Standard&Poor's underlying rating (SPUR) is based on the full faith and credit pledge of the district and reflects: The district's participation in the rapidly growing Austin, Texas area economy, resulting in strong tax base growth and significant employment opportunities for district residents; and A strong financial performance with sound reserves despite growth pressure due to rapid tax base growth and conservative budgeting. The rating is constrained by a very high debt burden with continued future capital needs due to considerable enrollment growth. The district is northeast of downtown Austin in Williamson County. The district serves Leander,
