School District Bonds
School districts that seek to issue bonds may only do so with the approval of the local community in a bond referendum. Nearly 99% of all outstanding school district debt, about $62.6 billion, is voter-approved debt.
School district debt potentially falls into one of four categories:
- Voter-approved debt (98.4%)
- Maintenance and operations debt (1.0%)
- Lease revenue (0.6%)
- Revenue debt (0.01%)
Read more about school district bonds here.
June 11, 2012