Burleson ISD trustees approve investment manager, join Texas Class pool, accelerate bond payoffs and update policies

The Burleson Independent School District Board of Trustees on April 14 approved a slate of financial and policy actions, including awarding an investment management contract to TCG Group Holdings, authorizing participation in the Texas Cooperative Liquid Assets Security Trust (Texas Class), approving a defeasance and redemption plan expected to save about $13 million, adopting TASB-recommended policy updates (update 1-24) and deleting policy EIAB, and approving the district's instructional materials/TEKS certification for the 2025-26 school year. The board also authorized the board president to approve new hires between the meeting and the next regular meeting in May, with ratification planned at the May meeting.

Why it matters: The actions together expand the district's investment options (adding a new investment manager and another liquidity pool), accelerate long-term debt retirement that the district projects will reduce interest costs and free future bond capacity, and finalize yearly instructional-materials certification required by the Texas Education Code. The board cited conservative investment practices, vendor accessibility, and recent credit-rating strength as reasons to act now.

Investment manager award: The board voted to approve an award to TCG Group Holdings for Investment Management…