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Adviser outlines plan to ask voters for $75 million bond; district says tax rate would not increase
Summary
RBC Capital Markets presented a multi‑year financing plan recommending up to $75 million in general obligation bonds for a November election, along with education technology notes; timeline and local tax impacts were discussed.
An external bond adviser told the Gadsden Independent Schools Board of Education the district’s growing tax base supports asking voters this November to authorize up to $75 million in general obligation bonds, to be sold over four years, while maintaining the district’s existing tax rate.
The item matters because voter approval would provide capital funds for district projects; the adviser said the district’s tax base growth and rapid debt retirement increase bonding capacity, and recent state constitutional amendments…
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