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Lake Dallas ISD closes 2025 bond refunding, reports $4.83 million in taxpayer savings
Summary
The district sold $38,009,518 in unlimited tax refunding bonds on July 22, 2025, producing $4,832,418 in gross savings and a 3.83% interest rate; administrators said the district has saved about $37.7 million for taxpayers since 2012 through refundings and repayments.
Anne Hahn and the district—s financial advisers reported results of a July 22 sale of unlimited tax refunding bonds. "We had a savings of $4,832,418. The interest rate was 3.83%. The principal amount stayed the same — $38,009,518," Hahn said.
Hahn reminded trustees that the district set refunding parameters earlier in the year with target savings, a maximum interest rate and a final maturity date; the July sale exceeded earlier estimates. She said the sale produced approximately $3.1 million more savings than an April projection and that, combined with prior refundings and repayments since 2012, the district has generated aggregate taxpayer savings of $37,700,520.
Hahn also noted one timing benefit: by completing the refunding before Sept. 1, LDISD is estimated to receive an additional $1,070,000 in state hold-harmless funding tied to proposed changes in homestead exemptions under Senate Bill 4 if voters approve the measure; the timing avoided a planned bond prepayment because the refunding generated the savings instead. The board asked no further questions and accepted the report.
