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Qualified School Construction Bonds (QSCB) are a U.S. debt instrument created by Section 1521 of the American Recovery and Reinvestment Act of 2009.The Tax Cuts and Jobs Act of 2017 eliminated QSCB issuances as of January 1, 2018, rendering any unissued allocation void, although all previously issued QSCBs remain valid as long as they are not reissued. [1]
Bond issue. USD 259’s local option budget property tax is maxed out at 33% of the general fund budget, meaning any major project to renovate existing schools or build new ones would have to be ...
Consultants hired by the school board recommended a $450 million bond issue. The board has not yet asked for a bond question to be added to the November ballot.
The Stow-Munroe Falls Board of Education is moving to place a $238 million, 35-year bond issue on the Nov. 5 general election ballot. If approved by voters, the funds generated would pay to ...
In finance, a bond is a type of security under which the issuer owes the holder a debt, and is obliged – depending on the terms – to provide cash flow to the creditor (e.g. repay the principal (i.e. amount borrowed) of the bond at the maturity date and interest (called the coupon) over a specified amount of time. [1])
A municipal bond, commonly known as a muni, is a bond issued by state or local governments, or entities they create such as authorities and special districts. In the United States, interest income received by holders of municipal bonds is often, but not always, exempt from federal and state income taxation.
Wichita school officials want to know if voters would support a series of bond issues to rebuild and renovate schools over the next two decades. On Monday, consultants hired by the school board ...
Proposition 2 is a bond measure that would allow the state to borrow $10 billion to help fund repairs and upgrades at thousands of public elementary, middle and high schools and community colleges ...