Despite the recent turmoil in the U.S. economy, most libraries that were tracked by "Library Journal" won their referenda at a rate just slightly lower than 2007. Nearly three-quarters of operating referenda passed. Building referenda under $10 million passed at a whopping 85%, with those over $10 million batting slightly better than…

Qualified school construction bonds (QSCBs) are part of the American Recovery and Reinvestment Act of 2009. These bonds allow school districts to finance capital projects at no or very low interest rates. In a nutshell, bondholders accept a lower interest rate because the corresponding federal tax credit they receive subsidizes that lower interest…