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Royse City ISD reports $27M on hand and warns HB 2/SB 4 could complicate future bond sales
Summary
District bond manager reported $27 million remaining in the 2023 bond program and said state legislation (HB 2 and SB 4) changes could affect bond sale yields; staff are working with bond counsel and legislators on hold‑harmless language for the remaining bond package.
District staff reported $27,000,000 remaining in bond funds tied to the 2023 bond program and outlined risks to future bond sales following recent state legislation. Myron Bryant presented the bond update and said the district has a plan to sell bonds in August but that HB 2's tax compression reduces local collections and SB 4's current hold-harmless language covers only bonds sold through this September, leaving more than $500 million in the package potentially exposed.
Bryant urged stakeholders to contact legislators and said district counsel and advisors (including Northstar) are engaged in discussions with offices such as Senator Bettencourt's to pursue broader protection. "As of the end of last month, we still had 27,000,000 on hand," Bryant said. He cautioned the district may face lower yields and delays on future projects if hold-harmless treatment is not extended.
The report tied some of the state revenue increases from HB 2 to the district's ability to fund staff raises, while also flagging timing and market risks for the bond program. Trustees heard the update and did not take separate formal action beyond receiving the report.
