IC ISD Board April 8 2026
- Apr 8
- 2 min read
Updated: Apr 15
Agenda Analysis | Meeting Review | Meeting Documents | Commentary | Last Meeting


A. Agenda Analysis
Redemption of outstanding bonds, item 6: Paying off bonds as early as possible is key to the future for the District. If they don’t do this, and do it aggressively, nobody gets raises down the road.
I just don’t have the time for a full analysis of this agenda….
Note that another meeting has been posted on the IC ISD site for next Tuesday, April 14.
B. Meeting Review
Redemption of District’s outstanding bonds, item 6: After a presentation by John Blackburn with Live Oak Public Finance, the Board voted to pay off the 2019 bonds. Here are Blackburn’s presentation slides to the Board. In any event, this is a significant move by the Board. First, there will be some interest income while the funds are resting in escrow. Second, it opens bond capacity again in case there is an influx of new families. Third, it is going to significantly alleviate the financial pressures on the new Supt., who should be named in the next week or two.
In the meantime, here is the Board Packet and Supplemental Board Packet for this meeting.
Pending: As of April 15, I have one more item here.

C. Commentary
Oncor/LCRA 765kV case update: Anyone saying they know where the line will go simply hasn’t read the latest reply briefs. I will say this much…the Rocker b Ranch, owned by Scottish Rite Hospital, presented a quite persuasive case at trial. Another group of landowners, known as the Q 11 and Q 12 Intervenors, also did quite well. That said, this case - and other 765 kV cases- can be appealed all the way to the Tx Supreme Court, and that is a long way from now.
“Rolling” bonds - a sell and redeem approach to school finance - works for schools just like debt does for a family that lives off of credit cards. When the income fails, the payoff becomes impossible.
Copyright 2026 G. Noelke


