Members of the Georgetown community will soon have the opportunity to invest in their local school district through sale of the bonds approved by voters in May.

What happened

Georgetown ISD staff and officials discussed the timeline for the sale of the 2024 bond series to occur later this year at a board workshop June 3. Dan Wagner, GISD's financial advisor, said a formal recommendation for setting how much of the bonds will be available for the initial sale will be brought to the board in July. Wagner said the recommendation could be a not-to-exceed amount of $375 million, depending on certified property values and interest rates.

The details

The June 3 discussion was the start of the district's process of making bonds available for purchase. Next steps for the district and board include but are not limited to:
  • July 15: The board will vote on an order authorizing the issuance of bonds.
  • July 22: The district will receive its bond rating from the rating agency.
  • Week of July 29: The district will receive a bid to underwrite the bonds with potential to be awarded by the superintendent or chief financial officer.
  • Aug. 21: The district expects to close on the sale of bonds and receive funds to move forward on bond projects.
What else?

Additional details for the sale and purchase of bonds will become available as the district moves through this process.