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Vidor ISD authorizes up to $48.4M in school-building bonds, aims to close before Sept. 1
Summary
At its June 23 meeting the Vidor Independent School District board authorized an order to issue up to $48.4 million in unlimited tax school building bonds (Series 2025A), setting parameters intended to allow the district to close before Sept. 1 and qualify for state "hold harmless" provisions tied to an increased homestead exemption.
The Vidor Independent School District Board of Trustees on June 23 authorized an order to issue up to $48,400,000 in unlimited tax school building bonds, series 2025A, with parameters intended to allow the sale and closing before Sept. 1 so the district can qualify for state hold-harmless protections tied to a recent homestead-exemption change.
Bond counsel and advisers told the board the Texas Legislature increased the homestead exemption from $100,000 to $140,000 and included…
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