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San Angelo ISD shifts bond-sale plan to capture state 'hold harmless' under Senate Bill 4
Summary
Hilltop Securities told the San Angelo ISD trustees the district should maximize bonds sold before Sept. 1, 2025, to collect state 'hold harmless' aid created by Senate Bill 4; the board was asked to consider a parameter bond order that would delegate final pricing authority to district executives.
San Angelo ISD trustees heard a bond-finance update during the district's pre-agenda workshop focused on maximizing state compensation created by recent legislation.
Jeff Roberts, a bond adviser with Hilltop Securities, told the board that Senate Bill 4 raises the homestead exemption from $100,000 to $140,000 and that the law will reduce the district's taxable value. Because the statute provides a timed "hold harmless" payment for bonds sold and closed before Sept. 1, 2025, Roberts said the district should aim to sell as much of its authorization as possible before that deadline to capture state offset funding. "This exemption will likely result in a decrease in the district's taxable value of somewhere between $650 and…
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