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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 ...
It also could ask voters for bond issue funding as it re-envisions schools for a future with fewer students and aging, partly vacant buildings. The plan could mean merging some schools ...
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.
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])
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]
Debt service for the last voter-approved bond issue is ending. According to school officials, that means the “real feel” tax impact of the new bond issue would be $254 per year for the typical ...
Also called resource cost advantage. The ability of a party (whether an individual, firm, or country) to produce a greater quantity of a good, product, or service than competitors using the same amount of resources. absorption The total demand for all final marketed goods and services by all economic agents resident in an economy, regardless of the origin of the goods and services themselves ...
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 ...