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Katy ISD finance staff outline bond parameters and long-term debt plan as legislature weighs homestead-exemption changes
Summary
District finance staff and municipal advisors reviewed recent bond financings, proposed parameters for a second sale of the 2023 authorization (recommended $250M with an option to $450M), and warned that a proposed $40,000 homestead-exemption increase at the state level could tighten capacity; board discussion focused on hold-harmless eligibility and timing for issuance.
Katy Independent School District officials presented a long-term debt plan and recommended board parameters for a potential second sale of the 2023 bond authorization at the board's Feb. 17 work-study meeting.
Chris Smith, the district's chief financial officer, clarified how much the district controls in operating dollars and framed the debt discussion, noting that Katy ISD's operating funding per student is roughly $10,222 versus higher per-student totals that include non-operational revenue. Jeff Robert of Hilltop Securities reviewed last year's financings, including a $250 million…
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