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Caddo officials outline $21M bond sale to finish voter-approved capital program; questions about timing
Summary
Bond counsel and the district's municipal advisor told the board a $21.0M bond series — the final tranche of an $88.3M voter‑approved program — would be sold in January to fund buses, HVAC and security projects; board members pressed advisors on timing and interest costs.
Caddo Parish School Board advisors told the executive committee on Nov. 18 they plan to sell a $21.0 million series of general obligation school bonds as the final tranche of an $88.3 million program voters approved in 2019.
Municipal adviser Lucius McGee said current market yields for 20‑year paper were in the neighborhood of 4.25%–4.50% and that the sale would likely occur in January with funds available in February. Bond counsel added the voter proposition carried a…
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