Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Financial adviser outlines plan for next bond installment; district could retire $10–$17M principal immediately
Summary
Brian Grubbs, the district’s financial adviser, told the Sherman ISD board the district’s strong tax base and I&S cash could let it retire $10–$17 million of principal at the outset of the next bond installment, lowering long‑term interest costs.
Brian Grubbs, the district’s financial adviser, gave trustees a preliminary plan for issuing the next installment of bonds approved in a prior election and described options for using the district’s existing interest‑and‑sinking (I&S) fund balance to reduce long‑term borrowing costs.
Grubbs told the board the district had applied for and received the permanent school fund guarantee, which will make the next issuance triple‑A rated; his presentation showed Sherman ISD’s underlying ratings as double‑A categories by the major ratings…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
