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Consultant outlines $42.7M GO-bond scenario and tax-rate assumptions for Urbandale schools
Summary
A finance consultant briefed the Urbandale board on a possible general-obligation (GO) bond program that could generate about $42.7 million in project funds under current assumptions, described project priorities and warned the board that election timing and interest-rate changes affect capacity.
A finance consultant presented a preliminary scenario for a general-obligation bond to the Urbandale Community School District Board on Sept. 22, outlining assumptions and a list of potential projects and estimated costs.
The consultant said the exercise aimed to “solve for an overall tax rate of $17.99” and, under a set of assumptions including moderate taxable-valuation growth and a modest near-term rise in interest rates, “could generate around a $43,200,000 borrowing that would generate around $42,700,000 of total project funds net of all the different bonding costs.” The presentation…
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