District news
Board borrows $8.13M without a voter election
What happened
The board approved $8,130,000 in maintenance tax notes. They are sold to Lone Star National Bank over 15 years at about 4.45% interest. The money pays for the Fort Ringgold auditorium renovation and a gym wrestling center.
Why it matters to families
This debt is repaid from the maintenance tax that also pays for classrooms. It did not need voter approval, unlike a bond.
The evidence
At the May 13, 2026 special meeting, the financial advisor described the terms and the board approved the resolution. Evidence comes from the district's auto-generated YouTube captions, which can garble names and numbers.
The source
RGCGISD Special Board Meeting May 13, 2026See the full record for Rio Grande City Grulla Independent School District.
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