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JISD facilities group learns about bond

Jacksboro ISD’s Facilities Visioning Committee members learned about potentially funding a bond issue with no increase in the district’s tax rate. During an Oct. 17 meeting, district financial consultant Doug Whitt said much of the reason behind that, if the district did decide to call for a bond issue, comes from the district having paid off previous bonds early (saving taxpayers $17,942,715 in interest charges), having a financial condition that is viewed favorably (good income of residents, strong reserves, an A+ credit rating from Standard and Poors and a solid tax base) and the potential for having more added to its tax base in the form of energy facilities such as wind and solar farms added to it in the near future or what is commonly known as a 313 agreement. A potential of three new agreements is possible, Whitt said.

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Jacksboro Newspapers

212 N. Church
PO Drawer 70
Jacksboro, Texas 76458

Phone: (940) 567-2616
FAX: (940) 228-0589