Rotan ISD Sells $6.4M in Bonds at Low Interest Rate

  • Rotan ISD interim superintendent Dr. Burks board president Britt Sipe follow along as financial advisor Jake Lawrence the presents results of the school district’s bond sale.
    Rotan ISD interim superintendent Dr. Burks board president Britt Sipe follow along as financial advisor Jake Lawrence the presents results of the school district’s bond sale.

    Rotan ISD trustees approved the sale of $6.4 million in bonds Aug. 5, securing favorable interest rates after strong investor demand pushed costs lower for the district. Trustees are expected to set the tax rate when the board meets for budget discussions next month.

    Strong investor demand lowered borrowing costs and secured a favorable repayment structure for the Rotan ISD bond, which voters appro…