4 ms·

Yeah, and school's budgets are cash tight, with comparatively little ability to fundraise, so any large cash transaction will be DOA. The swap should take plac

• mywittyname 5y ago
  Schools often issue bonds to cover large purchases. Plus, sometimes states/fed will toss them grants.
  • Mountain_Skies 5y ago
    It's interesting to see how different bond proposals are received by the public. In the more conservative areas I've lived, adding a penny to the sales tax to fund school bonds is pretty much always approved by the voters and renewals are likewise rubberstamped. In liberal areas, that's a much more difficult tax to get passed, mainly on the grounds that it is regressive. School bonds secured with increased property taxes tend to work in the reverse, with property tax increases being popular in liberal areas but opposed in conservative ones.