Local · Trusted · Free
The Morning Impact — your neighborhood's most important stories, delivered every morning.
Argyle ISD is moving forward with selling bonds from the 2024 and 2025 bond packages.
The district’s board of trustees unanimously approved the sale of $255 million in bond funds during a July 22 meeting. This includes $155 million from the AISD’s 2024 and 2025 packages and an additional $100 million from the 2025 package.
The funds will be used for instructional technology and school facilities.
The details
Of the total $255 million approved:
In the May 2024 election, AISD voters approved a proposition which allocates $6.5 million to purchase new technology, per the district’s website.
AISD voters approved both propositions on the 2025 bond package in May, the district’s website states. The first proposition included $393.7 million for bus purchases, technology updates, the construction of a sixth elementary school and new middle school, and design for a third middle school. The second proposition included $29.4 million for a baseball and softball complex at Argyle High School.
What they’re saying
The district’s financial advisor Matt Boles said this is a good time to sell the bond funds because of market conditions.
He called the plan “financially prudent” and noted that the team will monitor the market each year to reset interest rates when it makes the most sense for the district.
What's next
According to Boles' presentation to the board, the district will lock in interest rates Aug. 5 and funds are expected to be delivered Aug. 26.
