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How do school bonds work? Likened to a home mortgage, a voter-approved school bond allows a school district to borrow funds. The Board of Trustees authorizes bond elections, and State law grants the Board the authority to sell bonds.
A school bond election is an election to approve or reject the issuance of a bond by a public school district to finance a building project or other capital projects. These measures are placed on the ballot by a vote of the school board. The school board repays the bond with property tax revenue.
What is a school bond? School bonds help districts raise money for big-ticket investments in campus facilities, technology and other items. When districts hold bond elections, they ask voters to authorize the use of property taxes to borrow money needed for expensive projects, such as constructing new buildings or repairing old ones.
Bonds 101: Questions and Answers. What are bonds? How long does it take to pay them off? Bonds for school projects are very similar to a mortgage on a home. To finance construction projects, the District sells bonds to investors who will be paid principal and interest. Bond repayment is limited by law to no more than 30 years from the date of ...
A school district bond issue is a bond issue used by a public school district, typically to finance a building project or other capital project. 40 states require voter approval of bond issues as a matter of course, and in seven more, voters can petition to have bond issues placed on the ballot.
What’s the process to passing a successful school bond? A pair of Texas experts explain everything—including ways to sweeten the deal for the district at large.
Securing voters’ support for school bond measures can be tricky. But developing deep, meaningful connections with the community well in advance can make a world of difference, according to...
Most states require school districts to seek voter approval before issuing bonds to pay for expensive facilities projects like HVAC repairs and roof replacements, as well as for technology...
What is a school bond? A local school bond measure generates funds for repair, construction or replacement of school facilities. In a bond election, voters decide whether to authorize a school district to issue bonds in a specified amount. Investors who buy the bonds are paid back, with interest, using funds collected through property taxes ...
Contrary to school bonds, education bonds (also called savings bonds) represent a unique investment tool typically aimed at attracting private capital for educational endeavors.