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Arlington ISD board authorizes refunding bonds and appoints consultants to pursue refinancing
Summary
Trustees voted unanimously Nov. 6 to appoint consultants and adopt an order to pursue refunding of callable bond issues; financial advisers projected material debt‑service savings and recommended using $10 million of district cash to boost savings.
The Arlington Independent School District board on Nov. 6 voted unanimously to authorize staff and consultants to prepare for the issuance and sale of refunding bonds and to adopt an order authorizing unlimited‑tax refunding bonds aimed at refinancing callable maturities from prior issues.
Financial adviser George Williford said the refinancing could include roughly $74,855,000 in principal across several series, with the most attractive savings coming from callable maturities in the Series 2017 bonds. "Straight refinancing would produce a…
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