Blanchard Schools
What is a school bond? A school bond is a way for school districts to raise money for large projects like building new schools, renovating existing buildings, or improving facilities. It’s similar to a loan that the community pays back over time through property taxes.
Why do schools need bonds? Schools require bonds to finance major projects that exceed the capabilities of their regular budgets. These projects can encompass constructing new facilities, renovating existing structures, upgrading technology, enhancing security measures, acquiring textbooks, purchasing band equipment, improving transportation, and acquiring land.
How does a school bond get approved? A school bond must receive at least 60% of the vote to be approved. This is known as a supermajority, meaning that 60% of the voters in the school district must vote in favor of the bond for it to pass.
Blanchard Schools