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Goose Creek CISD CFO outlines certified values, proposes bond defeasance to save $7.4M; board authorizes bond redemption
Summary
CFO Bridget Clark reported rising certified property values, presented a proposal to defease $15.525 million of 2019A bonds to reduce interest costs by about $7.4 million, and presented a proposed voter‑approved tax rate of 1.07; trustees unanimously authorized the bond redemption resolution.
Goose Creek CISD Chief Financial Officer Bridget Clark told trustees the district’s certified property values increased and presented a bond defeasance plan and proposed tax‑rate decisions ahead of formal adoption.
Clark said strong economic conditions are driving certified values upward and provided detailed tax‑rate calculations: the district’s no‑new‑revenue tax rate (M&O) was reported as 0.7229 with I&S (interest & sinking) at 0.3169 for a combined 1.0398; administration proposed a voter‑approved tax rate (VATR) of 1.07 (M&O 0.745; I&S 0.3255). Clark…
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