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Bond adviser recommends prepaying 2024 series; board hears options to save roughly $4.4 million
Summary
District bond advisers told the board the district had about $3.9 million of excess debt-service funds and recommended using them to prepay a portion of 2024 bonds, potentially saving taxpayers about $4.4 million; advisers also outlined refinancing and restructuring alternatives and new legislative reporting requirements.
Duncanville ISD bond advisers and the district’s finance team briefed trustees on April 20 about a proposed bond-prepayment plan that staff said could save taxpayers several million dollars.
Joshua McLaughlin of BOK told the board the district had roughly $3.9 million of excess debt‑service funds available and recommended prepaying a portion of the district’s 2024 bond series. McLaughlin said the district could redeem about $3.85 million and — based on investment rates as of April 7 shown in the presentation — save taxpayers “just under $4,400,000.” He…
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