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Financial advisor says 99% chance of fixed-rate debt; presents household tax impacts
Summary
Specialized Public Finance presented tax-base growth, projected debt-service implications and estimated household tax impacts for the proposed bond; the advisor said there is a '99% likelihood' the bonds would be issued at a fixed interest rate and noted instructional-technology propositions historically fare better at the ballot.
Dan Wegmiller, financial advisor with Specialized Public Finance, briefed the Wimberley ISD board on Jan. 29, 2025 about the district's tax-rate comparison, interest-rate outlook and preliminary financial projections for the proposed bond program. Wegmiller said there is a 99% likelihood the bonds would be issued at a fixed interest rate and reviewed projected annual and monthly tax impacts for homes at various assessed values (the district's projection materials include the per-home dollar estimates presented to trustees).
During board Q&A, Trustee Chad Canine asked whether the timing of an election could alter the likelihood a bond passes; Wegmiller cited statewide trends showing instructional-technology propositions often have higher passage rates than large multipurpose facility propositions. The board asked staff to provide more granular tax-impact scenarios and to include those figures in materials for the Feb. 10, 2025 follow-up meeting.
