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.