Live Oak School District Saves $1.6M with Innovative Bond Sale Strategy

In a recent special meeting held by the Perryton Independent School District (PISD) Board of Trustees on August 11, 2025, significant discussions centered around the district's bond strategy and its financial implications. The meeting highlighted the successful execution of a bond sale strategy that not only shortened the overall bond term by two years but also resulted in substantial savings of over $1.6 million in total payback.

The board reviewed the bond structure initiated in 2023, which was designed to navigate the complexities of an inverted yield curve. Despite initial uncertainties and a delay in bond sales, the strategy proved effective. The district was able to lock in favorable interest rates, leading to a total payback of approximately $65.365 million, which reflects a more advantageous financial position than if a conventional approach had been taken.

Key stakeholders, including financial advisors from Live Oak, expressed appreciation for the board's willingness to adopt a less conventional strategy. The discussions underscored the importance of foresight and adaptability in financial planning, particularly in the face of fluctuating interest rates. The board members acknowledged the challenges of envisioning the long-term benefits of their decisions at the time but were pleased with the outcome.

In addition to the bond discussions, the meeting also addressed upcoming financial obligations, including a token payment related to the homestead exemption, which is expected to be processed before the end of August. This payment is part of the district's ongoing efforts to maximize funding from the state.

As the board moved into a closed session to discuss personnel matters and legal consultations, the overall sentiment remained positive regarding the district's financial strategy and its implications for future projects. The successful bond strategy not only reflects prudent financial management but also positions PISD favorably for upcoming initiatives, ensuring that the district can continue to meet the educational needs of its community effectively.