...Sale Date: Negotiated sale the week of Sept. 23. Series: Variable-Rate Unlimited Tax School Building Bonds, Series 2019B. Purpose: For construction, acquisition and equipping of school buildings, including facility renovations and improvements, districtwide technology upgrades, purchase of school facility sites and purchase of new school buses, as well as to pay issuance costs. Security: An unlimited ad valorem tax levied against all taxable property within the district. The bonds are further backed by the PSF bond guaranty program. The 'AA' Issuer Default Rating (IDR) reflects Goose Creek Consolidated Independent School District's (CISD) strong operating profile, with sufficient reserves and solid expenditure flexibility yielding a high gap-closing capacity. Moderate enrollment growth, while supporting strong revenue growth expectations, led the district to seek approval for additional capital spending from voters. However, Fitch Ratings expects that the district's long-term liability...
