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Royse City ISD sold $85 million in bonds; officials plan additional sale next summer
Summary
Finance director Byron Bryant told trustees the district closed an $85 million bond sale in August that should fund projects through next December and that officials expect to sell roughly $40 million next summer if market conditions hold.
Byron Bryant told the board the district sold about $85,000,000 in bonds in August and the funds recently posted to the district’s account. “We were able to sell our, $85,000,000 worth of, bonds in August, and that hit the bank, about 2 weeks ago,” he said, adding that the current cash position should carry the district through the next year-plus for scheduled projects.
Bryant said the district plans to sell another approximately $40,000,000 next summer, contingent on property values and market conditions. He also noted that the district came in under budget on the Moss Elementary project and is nearing completion of turf practice fields, remarks that trustees and staff described as encouraging.
