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Bonds in School Financing

While school districts receive funding from multiple sources, school bonds provide a needed source of revenue for districts across the United States. School bonds are a form of revenue, usually at the school district level, in which a district will work to issue a municipal bond debt obligation, providing near-term funding for specific items approved by the local community in exchange for long-term repayment of the principal to the debt holders, with interest. However, as with most school financing issues, there is substantial variety across the states in not only what a bond may fund (capital facility construction, renovations, and past debt obligations are just a few examples) but also in the ways in which bonds are funded through local elections. In examining bonds in ...

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