Forsyth County School District — $147.5 Million in General Obligation Bonds

Jul 25, 2018 | Education, Infrastructure, Municipal Bonds, Municipal Finance

Featured Municipal Bond Issue, Week of July 23rd, 2018: Forsyth County School District  (General Obligation, Series 2018) – $147.5 Million

The Forsyth County School District, GA is issuing $147 .5 million in general obligation bonds the week of July 23rd, 2018. The bonds are being issued as a single, tax-exempt series, for the purpose of financing new school buildings and facilities, renovating existing school buildings and acquiring instructional and administrative technology improvement,  school buses, school safety upgrades and acquiring any necessary property.    The bonds are being underwritten through negotiation by Citigroup.  Payment of principal and interest on the bonds  will be payable from ad valorem taxes levied, without limitation as to rate or amount, upon all taxable property within the District subject to taxation for school bond purposes.

Details on purposes, tax-status, security, as well as other matters pertaining to this Forsyth County School District  bond issue can be found in the preliminary official statement, available on MuniOS.

Provided at left (click to expand) is a quick snapshot of financial characteristics of the Forsyth County SD, GA as of 06/30/2017, compared with the 2016-2017 medians for other U.S. school districts, courtesy of Merritt Research Services, LLC. Merritt has many of the sector medians publicly available and regularly updated on their Benchmark Central page. (Merritt believes the data to be reliable but does not make any representations as to its accuracy or completeness). In addition to the Merritt information related to the featured bond, more information can be found on our municipal bond calendar, city, state, and county pages, and our employment database.    Data and Information on individual Forsyth schools, including on enrollment and faculty numbers can be found by accessing the MuniNet Education category page.

These facts and numbers are for informational purposes, and should not be considered an official disclosure for potential investors. Investors should consult the official statement. None of the information provided should be construed as a recommendation by MuniNet Guide, MuniNet LLC, Merritt Research Services LLC, or any of their employees. Information and analysis is for informational purposes only.