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Arlington ISD board authorizes consultants and moves forward on bond refunding to lower debt service
Summary
Trustees authorized consultants and approved an order to issue unlimited tax refunding bonds, aiming to refinance callable maturities (roughly $55M–$75M) and capture projected debt‑service savings; the appointments and the order passed by voice vote.
The Arlington ISD Board of Trustees voted on Nov. 6 to appoint consultants and to adopt an order authorizing the issuance of unlimited‑tax refunding bonds intended to refinance callable maturities from prior bond issues.
Chief Financial Officer Norberto Rivas and financial advisor George Williford presented analysis showing approximately $55.2 million of callable principal in the 2017 series and up to $74.9 million when including other maturities under consideration. Williford said straight refinancing at then‑current market levels could…
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