Spring Branch ISD sells 2017, 2022 bonds for construction, equipment and buses
Despite a fluctuating bond market, Spring Branch ISD reports that it was able to earn a good return on investment to turn its bonds into proceeds to advance many projects in the district.
According to a press release, the district presented $307 million in bonds to the market on Oct. 5. Bonds, including bonuses, will yield $323 million for “the construction and equipping of school buildings, technological equipment and buses. Of the total bond proceeds, $142.2 million will support the 2017 bond projects and $180.8 million will fund the 2022 bond projects.”