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Port Arthur ISD presents bond reimbursement resolution after voter-approved $300 million bond; refinancing item discussed
Summary
Superintendent Dr. Porterby presented a reimbursement resolution for a voter-approved district unlimited tax bond and discussed a refinancing item the district says could lower taxpayers' bills.
Superintendent Dr. Porterby asked the Port Arthur ISD Board to approve a reimbursement resolution enabling the district to reimburse pre-issuance expenses from the proceeds of a district unlimited tax bond that voters approved for projects including a new middle school and a new stadium.
“We are asking for the approval of reimbursement resolution for proposed issuance of district unlimited tax bond,” Dr. Porterby said,…
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