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Waxahachie ISD board OKs order to pursue refunding bonds, delegates issuance authority to administration
Summary
Trustees approved an order delegating authority to district administration to pursue refunding certain outstanding bonds if market conditions and legal parameters yield at least 3% present-value savings; the district's financial advisor outlined timing tied to a February 2026 optional call date.
The Waxahachie Independent School District Board of Trustees voted 6-0 to approve an order authorizing the issuance of refunding bonds and delegating to district administration the authority to execute a refunding if specified parameters are met.
District financial advisor Doug Witt of Samco Capital briefed the board on a potential refinancing opportunity tied to bonds that have optional redemption dates in February 2026. Witt told trustees the district is not issuing new bonds; rather, the district is reviewing outstanding series to identify callable maturities that could be…
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