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Gadsden ISD board approves resolutions to issue bonds, redeem debt and lease ed‑tech equipment
Summary
Board approved three financing resolutions including bond sale authorization, partial early redemption of prior bonds and an education-technology note; RBC Capital Markets presented tax-base growth and projected interest savings of about $172,000 from early redemptions.
The Gadsden Independent School District board voted to approve a package of financing actions intended to preserve the district's tax rate while providing funds for capital projects and education technology.
Eric Kerrigan of RBC Capital Markets told the board the district's tax base has experienced strong growth (preliminary 2025 values showed more than 8% growth) and that the district currently has roughly 32% of its bonding capacity in use. Kerrigan said the plan packages three related resolutions: (1) a…
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