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Sheldon ISD advisers lay out $59.2M bond sale and short refunding to protect state aid
Summary
Advisors told the board a $59.2 million parameter bond sale is planned with bids in early March and funding expected April 2; a short refunding of about $11.17 million is proposed to preserve state aid calculations, with advisors projecting borrowing rates in the mid‑4% range and tax-rate impact kept under the 50¢ cap.
Sheldon ISD financial advisers presented parameters for the district—s remaining 2022 bond program and a small refunding transaction aimed at preserving state aid calculations.
Louis Wilkes of US Capital Advisors told the board the district had $247.7 million authorized in 2022, with roughly $98.5 million sold in 2023 and $90 million in 2024, leaving about $59.2 million for the planned sale. He walked the board…
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