Frequently Asked Questions

WHY DO DISTRICTS ISSUE NEW BONDS?

Bonds can be viewed as a line of credit to fulfill facilities needs and community wants. For example, bonds may fund additions, facility renovations, and other bigger ticket items that cannot be covered from the district's general budget.

HOW DID AIRPORT DETERMINE A DOLLAR AMOUNT?

Airport Schools reduced its November 2023 proposal from .98 mills to .77 mills (current).

CAN THE MONEY BE USED FOR OTHER EXPENSES?

No. The funds can only be used for the specific uses listed in the ballot language, according to state law. Proceeds must be audited and cannot be used for maintenance costs; teacher, administrator or employee salaries; athletics; or other operating expenses.

WHO WILL BE IMPACTED BY THE BOND?

The entire Airport Schools community will be impacted by the proposed projects. For example, students and staff would benefit from new classrooms, the bus loop would improve parent drop off/pick up, and the community would be able to utilize the Student Activity Center.

What is a school bond?

School bonds are a way for school districts to get the funds needed for capital projects. They work a lot like home loans or corporate bonds.

The school district gets up front cash from investors and agrees to pay the investor back over a fixed period.

A bond allows the district to complete improvements in the space of a few years, but pay those improvements over a longer amount of time.