These qualitative case studies give the prospective superintendent a real-life look at life on the other side of the district CEO's desk. Two dozen superintendents reflect upon their first challenges and growth opportunities that arose during that all-important first year. They tell it like it is, no sugar-coating. The experiences they listed, in…

Outlines several major areas involved in issuing bonds to finance school buildings and other projects. Basic financing structures include general obligation bonds, lease revenue bonds, and tax anticipation notes. Explains competitive or negotiated sale process and the roles of financial advisor, underwriter, and bond counsel. (MLF)

It has become increasingly difficult for school administrators and boards of education to obtain funds for meeting educational community needs and for overcoming obstacles to providing high quality education. This book provides the theoretical basis for developing specific strategies for resolving school bond issues and practical information on…

School systems with a rating of "A" or lower can save money by insuring their bonds because, in almost every instance, the reduced borrowing cost more than offsets the bond insurance premium. Included is a list compiled by Donna Harrington-Lueker of the four major players in the bond insurance field and elements to consider in choosing…

Difficulty passing referenda to authorize school bonds necessary for important school capital purposes prompted New Jersey to enact legislation to authorize a school district to acquire a site and school building by lease purchase agreement. Advantages, disadvantages, and voter attitude are discussed. (MLF)

The House-approved version of the tax bill H.R. 3838 will increase borrowing costs to local and state governments. Educational costs will either increase or educational services will decrease. The House legislation also would treat all nontuition student aid as income and place a cap on pension funds. (MLF)

This chapter of "Principles of School Business Management" provides a generic overview of the major tasks associated with financing a school district's large capital programs. The chapter opens with a brief historical review of the limited provisions made for capital outlay prior to the 1960s and of the trends in financing in recent decades. The…

Ten years ago the new superintendent of District 11 in Colorado Springs, Colorado, learned the proposed budget was $12 million out of balance. Now the district has sound financial backing thanks to improving business practices. (MLF)

To help school districts comply with Oregon's school bond laws, this manual provides guidelines for school district attorneys and personnel in the issuance and sale of school district bonds. The manual deals with the three primary types of Oregon school district borrowings: (1) general obligation bonds; (2) tax and revenue anticipation notes; and…

This paper is a primer for school boards and management. It provides a basic overview of the key issues, considerations and options associated with the use of debt by private schools to address facility financing needs. In addition, for a school which has decided to pursue debt financing, it provides basic guidelines for the choice of debt…

Many school buildings are in dire need of renovation, expansion, or replacement. Brief case studies from around the country illustrate the importance of finding out why people vote for or against a construction referendum. Lists recommendations for a strategic campaign. (MLF)

Suggestions and guidelines to help school administrators, business officials, board members, and others interested in improving school facilities are presented in this book. Chapter 1, "School Building Programs, Equipment Acquisition: The Anatomy of School Debt Financing" (Edgar H. Bittle), provides an overview of the legal and planning issues…

Using the strategy of "divide and conquer" can lead to victory at the polls. The ballot can include two freestanding questions, either or both of which can pass or fail independently, or it can be designed in such a way that approval of question two is contingent on question one passing. (MLF)

The Missouri Health and Educational Facilities Authority has been legislatively directed to assist the state's school districts in the issuance of general obligation bonds and to develop guidelines for two voluntary methods relating to the issuance of these bonds. The program offered provides credit enhancement and helps achieve the lowest…

Budget shortfalls and fund deficits in many school districts are expected to continue in the 1990s. School boards and administrators must develop plans to manage and maintain the financial health of the school system. One important aspect of this planning is management of debt. (58 references) (MLF)