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Trustees hear bond debt overview, refunding opportunity and tax‑rate options
Summary
Financial advisers presented an overview of Mercedes ISD’s outstanding voter‑approved and M&O debt, explained how I&S and M&O tax components work, and said staff is monitoring a potential refunding that could produce district savings if market conditions improve.
Financial advisers Estrada & Hossa summarized Mercedes ISD’s outstanding debt and potential refinancing options, and described state aid and tax‑rate mechanics trustees would weigh in any bond or tax proposal.
Bobby Villareal and Angel Magallanes, financial advisers with Estrada & Hossa, briefed trustees on the district’s outstanding voter‑authorized (I&S) debt and M&O (operating) obligations. Magallanes said the district has roughly $30 million in I&S debt with service through 2043; trustees were reminded that voter‑approved debt receives state matching via the Permanent School Fund mechanism and that…
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