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McAllen ISD outlines long-range facilities master plan and debt defeasance options
Summary
Trustees heard a facilities master planning briefing and a financial overview proposing defeasance using I&S levy funds (~$7.8M) to pay debt early, generate estimated interest savings (~$186,000), and preserve borrowing capacity tied to a 16¢ I&S tax rate scenario.
McAllen Independent School District trustees were briefed Aug. 13 on a proposed long-range facilities master planning process and related debt-management options intended to create capacity for future capital needs.
Deputy Superintendent Lorena Garcia explained a facilities master plan’s scope — capacity and condition assessments, enrollment projections, prioritized projects and a five-to-ten-year timeline — and recommended forming a task force that includes parents, staff, campus leaders and business stakeholders. Garcia said the district has an existing…
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