BISD News
BISD prepares to sell remaining bonds from ‘07 election
Bastrop ISD is preparing to sell the remaining $38,350,000 of bonds from the 2007 Bond Election. According to Bill Gumbert with BOSC, Inc., it is a very favorable time to sell bonds due to the decline in interest rates.
At the time of the Bond Election in May 2007, voters were told the maximum I & S Tax Rate could be 48.7 cents, however the District's 2008-09 tax rate is 44.1 cents. Given very conservative estimates the I & S Tax Rate could reach 46.8 cents after the $38,350,000 bonds are sold, which is still under the projected 48.7 cents.
“Bastrop ISD continues to put every effort in conserving the tax payer’s money,” said Chief Financial Officer Sandra Callahan. “We continue to be on schedule and on budget with all three construction projects.”