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Piper Sandler tells DCG board bond capacity ranges from about $66M to nearly $100M depending on timing and IRS rules
Summary
A Piper Sandler presentation walked trustees through three bond‑sale scenarios, tax‑levy assumptions and IRS spending rules that limit how quickly bond proceeds must be spent. The firm cautioned trustees about legislative changes that could affect multi‑year bond strategies and recommended close coordination with the district’s design team.
A financial adviser from Piper Sandler presented three scenarios for the Dallas Center‑Grimes Community School District’s potential bond capacity, showing a wide range of outcomes depending on whether the district sells bonds in a single sale or staggers sales over multiple years.
Tim (Piper Sandler) summarized three examples: an “one‑election/one‑sale” scenario that yields roughly $66.5 million of capacity if the district sold all bonds in 2026 under current market assumptions; a two‑sale scenario that uses an IRS exception (selling up to $15 million in a calendar year with a three‑year spend…
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