By Stephen Nakrosis
The School District of Osceola County in Florida is offering $106 million in capital outlay sales tax revenue bonds, with proceeds slated to finance acquisition, construction and installation of educational facilities.
Other uses for the proceeds include paying issuance costs, according to offering documents on MuniOS.
The bonds, which are exempt from federal and Florida state taxes, have been rated Aa2 with a stable outlook by Moody's, and AA with a stable outlook by Fitch.
The bonds are backed by a school capital outlay discretionary sales surtax, as well as by other funds and accounts.
The bonds will begin maturing on Oct. 1, 2026, with final maturity on Oct. 1, 2036.
The school district encompasses 54 schools, including 26 elementary schools, nine middle schools and 10 senior high schools. The district also contains six combination schools, one alternative school, one adult school, one virtual school, and 26 charter schools. The schools serve some 82,000 students, exclusive of adult programs.
Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
April 09, 2025 17:57 ET (21:57 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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