Immense growth in residential and commercial development within Northwest ISD has made room for the district to issue new bonds with no change to the current tax rate, according to financial advisers.
Jeff Robert, who has worked with Northwest ISD as a financial adviser for more than 20 years, explains that the district’s debt is repaid using the Interest and Sinking tax rate of $0.42 per $100 valuation.
That amount was set in August 2020 when the Board of Trustees lowered the rate from $0.45 per $100 valuation. At the time, trustees said they could lower the rate because of the growth in the area.
