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Financial adviser outlines bond options and hypothetical 12.5¢ levy transfer; cautions about Senate Bill 3 risk
Summary
Piper Sandler representative briefed the board on debt‑service capacity, no‑tax‑rate‑increase bond scenarios and an option to move levy cents to operating; presentation noted constitutional bonding capacity, potential levy transfer that would raise operating revenue and the pending risk from Senate Bill 3 litigation.
A financial adviser from Piper Sandler presented tax‑levy and bond scenarios to the Francis Howell board on Oct. 16, outlining how the district could use its debt‑service levy for future no‑tax‑rate‑increase bond issues or transfer levy cents to the operating fund to increase classroom revenue.
Brett Blevins (Piper Sandler) explained two broad choices: keep the current debt‑service levy (67.13 cents) and fund larger future bond packages, or seek voter approval to transfer a portion of the debt levy into the operating levy (a ballot measure requiring a simple majority). He showed a hypothetical 12.5‑cent transfer to the operating levy that would generate roughly $5.5 million annually on the district’s current assessed value and still…
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