The Lafayette Parish School System (LPSS), alongside members of the Lafayette Parish School Board, celebrated the successful closing of a $61,465,000 bond sale in New Orleans this week—funds that will support major expansion and renovation projects at three campuses across the district.
The Board voted on April 10, 2025, to seek up to $70 million in bond funding from the State Bond Commission, which approved the request in May. The bonds were officially issued on June 26, 2025, as Sales Tax Revenue Bonds, Series 2025.
The bonds were rated AA+ by S&P Global Ratings, one of the highest possible ratings awarded to public institutions. This exceptional rating, along with the School Board’s solid financial position, attracted eight times as many orders as there were bonds available, resulting in $4.3 million in premium. Additionally, by utilizing a reserve insurance policy issued by Build America Mutual Assurance Company, the School Board satisfied reserve requirements while retaining over $4 million for capital projects.
These financial outcomes resulted in over $65 million in total proceeds to the district—funding that will directly support high-impact school improvements at the following campuses:
- Judice Middle School – Renovations and new wing addition (Est. completion: Spring 2026)
- Acadiana High School – Renovations and new wing addition (Est. completion: Spring 2027)
- L.J. Alleman Middle School – Renovations and new wing addition (Est. completion: Fall 2026)
“We’re excited to continue expanding access to the opportunities LPSS has to offer through thoughtful improvements to our schools,” said Superintendent Francis Touchet, Jr. “Culture is one of our Core Values, and it starts with having a safe, welcoming place to learn. Thanks to the support and stewardship of our School Board, we’ve been able to leverage bond funding to launch three major expansion projects that will make an even greater impact. Every investment we make in our buildings is an investment in our people and the future of our district.”
Marcus Lambert of D.A. Davidson Financial Advisors, which served as the district’s financial advisor, commended LPSS’s efforts and the success of the sale:
“We are proud to be part of this very successful bond sale for Lafayette Parish Schools. We were oversubscribed on most of the deal and able to provide the district with the capital needed to accomplish their goals. My hats off to the district for maintaining an excellent bond rating.”
Following a competitive selection process involving five vendors, J.B. Mouton was named Construction Manager at Risk (CMAR) for the three projects.
These projects mark a major step forward in LPSS’s continued efforts to create safe, modern learning environments that support student growth and community pride.
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