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Hillsboro board hears $312M–$380M bond scenarios, consultant outlines levy and state-match limits
Summary
Consultant Lauren McMillan of Piper Sandler told the Hillsboro School District board that, given this year’s sharp assessed-value growth, the district could present voters with a GO bond in the $312 million to $380 million range with estimated levy benchmarks of about $1.58 to $1.81 per $1,000 assessed value; state matching funds eligibility was estimated at roughly $6 million.
At a board work session, Lauren McMillan of Piper Sandler briefed Hillsboro School District directors on the mechanics and possible size of a future general obligation (GO) bond and on an alternative — a local option levy.
McMillan said a GO bond is repaid by a dedicated property-tax levy and optionally backed by a full faith-and-credit pledge. She told the board the district’s assessed-value base jumped this year—driven in the presentation by changes tied to Intel—and that jump materially lowers a projected levy rate for a given borrowing amount.
Using conservative assumptions including a 1.5 percentage-point cushion above current market rates, McMillan presented two example packages: one benchmarked to this year’s lower levy rate that would generate about $312 million, and a higher‑rate scenario that could generate roughly $380 million. She added that, using a different averaging method, an alternative could reach about $411…
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