My Home Depot

why would a school district need to sell a bond to fund renovations?

What is envolved in "selling" a bond and who or what would be on the purchasing end? I thought bonds were voted upon by voters in the district.

Public Comments

1. yes and what happened to the taxes we all pay that covers those things.
2. Whenever a school district wants more money, you are best off voting it down. It has been shown that increasing the money invested in government schools results in decreases in standards. Do whatever is necessary to defeat it to save money for yourself and your neighbors.
3. Some municipalities have to conduct a vote to authorize the issuance of bonds. Generally, the vote will be to authorize some amount of money, say $10,000,000. Then, the city uses a financial company to sell bonds to investors up to the limit of $10,000,000. Almost any person or company can be buyers of the new bonds. The city can instantly use that money to build projects, and has a new $10,000,000 mortgage on the city. They then pay on the interest to the owners of the bonds. Usually, muni bonds will have a date that the city either has to pay off the bonds or roll them into new bonds.
4. typically, taxes for schools go to paying teachers, buying supplies, etc. money for buildings is funded separately. almost always with bonds. it'd be nice if there was money saved for things like that. but with everyone in a race to see who can cut more taxes, that ain't happening. as for "no money for schools" I'd guess that he doesn't have a kid in school. and/or he thinks that American kids are doing so much better than kids from other countries that we need to slow down their education. more of that, "I got mine, to hell with the rest of you" attitude.