Bonds and budget overrides are common ways school districts seek additional funding beyond their state allocation. These are paid by property owners within the district through secondary property taxes based on the limited property value of their homes.
A bond is a type of debt assumed by a school district. If approved by voters, it will be sold to investors and interest will be paid. Bond funds are used for capital expenditures such as building renovations and improvements, new construction, safety and security enhancements, and the purchase of school buses and technology.
