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Keller ISD board authorizes parameters to pursue refunding bonds, potential $30M savings projected
Summary
The Keller ISD Board adopted a parameter order July 24 authorizing district officers to pursue one or more unlimited tax refunding bond issuances; a financial adviser projected potential long-term savings of roughly $30 million based on current interest-rate assumptions.
The Keller ISD Board of Trustees on July 24 adopted an order authorizing district officers to pursue one or more unlimited tax refunding bonds, a step that gives the superintendent and chief operating officer delegated authority to finalize pricing if parameters are met.
Why it matters: The district’s financial adviser said the refunding could generate substantial net present-value savings to taxpayers if market conditions permit; the presentation estimated roughly $30 million in savings on the maturities under review based on current rates plus a…
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