Voters are often asked to approve a bond issue or an operating tax levy by their local school districts. Both of these are paid as property tax; however, they are very different.
- When voters approve a bond issue, they are essentially allowing the school district to borrow money for specific capital projects (e.g., building new schools, renovating old ones, updating athletic facilities, etc.). Bond issue funds cannot be used to pay salaries, give raises, provide benefits, etc.
- It is with its operating levy that a school district pays its regular recurring expenses, like teacher salaries, utility bills, liability insurance, etc.
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