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SPRING ISD board authorizes unlimited tax refunding bonds to pursue debt-service savings
Summary
The Spring ISD board voted unanimously March 24 to authorize the issuance of unlimited tax refunding bonds that aim to refinance four prior series and generate present-value savings (a 3% baseline was cited), with pricing expected in April–May and closing in May–June.
The Spring Independent School District board unanimously approved an order March 24 authorizing the district to pursue unlimited tax refunding bonds that would refinance several prior bond series and lower future debt service.
Trustee Adams moved the measure and Trustee McDaniel seconded it; President Trustee Durant called the vote and announced the motion carried unanimously. The order authorizes the issuance in one or more series and delegates authority to district…
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