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Kaufman County hears $30M–$40M financing scenarios for new juvenile detention center
Summary
A financial adviser to Kaufman County outlined financing structures for a proposed juvenile detention facility, presenting $30 million, $35 million and $40 million bond scenarios and explaining differences between general obligation bonds and certificates of obligation and their election calendars.
Kaufman County commissioners court on the first meeting of 2025 heard a presentation from George Williford of Hilltop Securities outlining financing options for a proposed new juvenile detention center, including $30 million, $35 million and $40 million bond scenarios and their projected tax impacts.
Williford, the county's long-time financial adviser, told the court the firm modeled a 20-year financing at a conservative 4.6% interest rate and structured scenarios that used an initial period of interest-only payments to reduce short-term tax impacts. "To finance $30,000,000 would require an increase of 0.63 pennies,"…
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