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Hobbs Schools bond advisers say $20 million sale expected this summer; district aims to hold tax rate steady
Summary
Stifel Public Finance told the Hobbs Municipal Schools board the district is preparing an approximately $20 million bond sale this summer to fund construction projects, and advisors said the district’s mill levy should remain steady.
Stifel Public Finance told the Hobbs Municipal Schools Board of Education on a bond-financing update that the district expects to price and sell an approximately $20,000,000 bond issue this summer to fund construction projects the voters previously authorized.
The presentation by Brad Angst of Stifel Public Finance outlined a timeline that would bring resolutions to the board in mid-June with pricing in late June to mid‑July and funding available about 30…
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