Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Cedar Hill ISD board approves parameters order to issue up to $30 million in bonds to secure state hold-harmless aid
Summary
Trustees unanimously approved a parameters order authorizing up to $30,000,000 in unlimited tax bonds (Series 2025) to capture estimated state hold-harmless funds tied to Senate Bill 23; bond pricing and final sale will be delegated to district staff if parameters are met.
Cedar Hill ISD trustees voted to authorize a parameters order that allows the district to issue up to $30,000,000 in unlimited tax school building bonds (Series 2025) to capture state 'hold-harmless' funding connected to recent legislative changes.
Jeff Robert, the district's bond advisor (introduced as with Hilltop Security), told trustees that Senate Bill 23 increased exemptions for taxpayers 65 and older and for certain disabled taxpayers, which will reduce local property rolls. The Legislature included a hold-harmless provision for districts that sell…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
