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Kerr County sells tax notes for road and equipment needs, and approves refunding bonds to save $452K over life of debt

3525777 · May 28, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

Kerr County sold tax notes to finance road improvements and equipment and approved a refunding bond that will lower interest costs, with officials citing a recent AA rating and favorable market conditions.

Kerr County Commissioners on Tuesday approved two debt transactions: the issuance and sale of new tax notes to fund road work and equipment, and a limited tax refunding bond that will refinance outstanding debt and produce net savings.

Financial advisor Dusty Traylor of RBC Capital Markets reported the county sold tax notes with $2,750,000 in principal, producing a…

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