Making More Space for Texas Schoolkids
Baird’s Public Finance team helped a fast-growing district in Texas break ground on a much-needed new elementary school.
The Boerne Independent School District is a Fast Growth school district in central Texas, adding roughly 1000 students per year. When they needed to finance new educational and ancillary facilities to accommodate the growing student population, the district turned to Baird’s Public Finance team for help. The district added variable-rate bonds to its debt strategy, providing more flexibility and reducing the cost of borrowing, and Baird marketed the bonds. As a result, the district was able to add more classrooms to its existing footprint, and complete the construction of its eighth elementary school, now scheduled to open next year.