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Argyle ISD workshop reviews bond balances, hold-harmless aid and new tax-rate rules
Summary
District staff told trustees April 8 that higher interest earnings and underruns on some construction projects may let 2022 bond funds cover costs originally expected to be paid with 2025 bond proceeds; staff also reviewed changes to hold-harmless calculations and new tax-rate transparency and procedural requirements.
At a special workshop April 8, Argyle ISD staff updated trustees on remaining bond interest, project underruns and the district's shifting hold-harmless state aid, and outlined new statutory changes that will affect future tax-rate and budget notices.
Jeff, the district's construction presenter, summarized the bond picture: interest earnings on the 2017 bonds and strong returns on invested bond interest have materially improved fund availability. He said the 2022 proposition A overview shows current budgets and remaining balances,…
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