The Springtown ISD board of trustees called for a special board meeting to discuss and consider authorizing the issuance of unlimited tax school building bonds while also appointing a pricing officer and delegating to the pricing officer the authority to approve the sale of the bonds.
Several factors influence the district’s bond strategy, including construction funding needs, changes to state and federal tax laws, tax base stability and the district’s long-term financial capacity.
The workshop was led by Doug Whitt, a senior managing director from SAMCO Capital who gave the special presentation about the $98 million dollar bond program. Whitt is responsible for the management of financial advisory and underwriting clients. During his career he has been responsible for structuring, advising on and directing the underwriting of more than $17 billion in municipal bonds.
