Public school districts in the United States borrow over a trillion dollars for their facilities each year from the municipal bond market, yet more than half of these school buildings need significant repair. In this paper, we examine the relationship between a single school district infamous for its infrastructure needs, the School District of…

A factor that complicates the posting of the journal entries related to the issue of bonds is that the amount of money received by the issuing company may be different from the face value of the bond. If the bond stated rate is higher than the market interest rate at the time of issue of the bond, the company can sell the bond at a premium; on the…

This position piece draws from experiences garnered during a case study near Houston, TX using the collaborative action research methodology (Sagor, 2000). In a fairly large Texas school district (63,000 school age students), carrying significant debt, some of the ethical and political issues come to ahead. Suggestions to address the crisis are…

In 2017, the California Department of Education (CDE) announced the "Small School District Assistance Initiative," aimed at providing targeted assistance to small and rural school districts in the state. A prime focus of the initiative is assisting small and rural school districts with improving their facilities. To aid CDE's efforts,…

This study investigates the school facility challenges and issues facing rural and small school districts in California. A mixed method approach was utilized (analysis of district characteristics, spending patterns, and 40 interviews with superintendents) to understand the capital investment patterns and facility planning processes of these…