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BOK: Birdville ISD has roughly $477M in bond capacity without a tax-rate increase
Summary
At a Dec. 11 board meeting, Josh McLaughlin of BOK told trustees the district has saved about $55.93 million in interest costs since 2012 and estimated bond capacity ranges from roughly $477 million (no tax-rate increase) to $723 million (10¢ increase); he outlined homeowner tax impacts and next steps for a potential May bond election.
Josh McLaughlin of BOK told the Birdville ISD Board of Trustees on Dec. 11 that the district’s active debt management has produced substantial taxpayer savings and left room for future bond issuance.
"The district has saved taxpayers almost $55,930,000 since 2012," McLaughlin said, and he noted the district will prepay about $7 million in February for tax-rate management purposes. He framed bond capacity around three scenarios: roughly $477,000,000 with no tax-rate increase; about $601,000,000 with a 5¢ increase; and roughly $723,000,000 with a 10¢ increase. McLaughlin said each penny of tax-rate change…
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