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Katy ISD financial advisers outline bond strategy and ASHIE hold‑harmless benefits
Summary
Municipal adviser Jeff Roberts and district finance staff reviewed recent $450M issuance to capture additional ASHIE hold‑harmless aid, said the district has about $106M in remaining authorization, and recommended refunding/defeasance parameters while flagging constraints on using I&S funds for operating needs.
Katy ISD’s municipal advisor briefed trustees on the district’s debt‑service outlook and options for bond sales and refundings.
Jeff Roberts of Hilltop Securities summarized last year’s decision to issue $450 million in bonds to secure state hold‑harmless (ASHIE) funding tied to increases in the homestead exemption; he said that action could bring roughly $60 million in ASHIE over the life of the issue and explained holdings across series.
Roberts and…
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