The Perryton Independent School District (PISD) Board of Trustees convened on August 2, 2025, to discuss significant financial developments, particularly regarding the upcoming bond sale and its implications for the district's tax rates.

The meeting began with an update on the district's bond sale strategy. The board had previously postponed the sale of $15 million in bonds, anticipating improved market conditions. However, the district's financial adviser has now recommended proceeding with the sale due to current market volatility. The board is set to approve the bond sale at their next meeting on August 7, 2025. Notably, the bonds have received a AAA rating, indicating strong investment potential.

As the board prepares for the budgeting month of August, they will also be setting the tax rate. It was emphasized that while the Interest and Sinking (I&S) rate may increase due to market conditions, the overall tax rate for residents will remain unchanged. This stability is attributed to state-mandated compression and the introduction of a $40,000 additional homestead exemption, which is expected to lower taxes for many homeowners.

In summary, the board's discussions highlighted a proactive approach to managing the district's finances amid fluctuating market conditions, ensuring that while some rates may rise, the overall tax burden on residents will not increase. Further decisions regarding the bond sale and tax rates will be finalized in the upcoming meeting.