What is a bond issue?

What is a bond issue?

A:

A bond issue is a way of raising money through an increase in residential and commercial property taxes. That money is used for large capital projects. A bond issue can only be used for buildings, equipment, furniture and repairs to buildings. It cannot be used for salaries, benefits, programs or other operational costs. Issuing bonds is the only way school districts can build schools, and make major repairs and renovations.

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