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College Station Charter School Seeking Up To $400 Million In Tax Exempt Bonds

The owner of College Station’s International Leadership of Texas (ILT) school is pursuing what could be the largest bond issue for kindergarten through 12th grade education in Brazos County.

Procedural approval was given Tuesday by county commissioners to issue up to $400 million dollars in tax-exempt bonds.

That surpasses the $351 million in the combined bond issues approved by voters in College Station ISD in 2013 and 2015 and in Bryan ISD in 2014.

The $400 million also comes close to the $431 million combined total of bond issues approved by CSISD voters in 2007, 2009, 2013, and 2015.

Brazos County judge Duane Peters says taxpayers are not on the hook for anything.

Federal tax laws required county action for financing what ILT described in its notice for a public hearing last month that no one attended as paying for current and future educational and housing facilities on its College Station campus.

WTAW News has sent e-mails offering the corporate owners of ILT to comment about their bond issue.

Click HERE to read and download the background information given to Brazos County commissioners.

Click below for comments from Duane Peters, visiting with WTAW’s Bill Oliver.

110618-Duane-Peters.mp3

 

Screen shot of the copy of the public notice given to Brazos County commissioners.

Short URL: http://wtaw.com/?p=128170

Posted by on Nov 7 2018. Filed under Featured Stories, Local News for Newsletter, News.
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