The Houston Independent School District (HISD) is seeking a $4.4 billion bond aimed at addressing critical infrastructure and educational needs. Branded as "Renew HISD," the package would rebuild and modernize over 40 campuses, upgrade HVAC systems, improve campus security, and expand early childhood and career and technical education…

Education researchers and political scientists have long raised theoretical objections to market-based reforms like school choice on the grounds that these policies may undermine public participation in democratic politics and erode public support for public institutions like schools. Little work, however, has empirically tested this claim.…

Contradictory evidence of the relationship between education funding and student achievement could reflect heterogeneous effects by revenue source or student characteristics. This study examines potential heterogeneous effects of a particular type of local revenue--bond funds for capital investments--on achievement by socioeconomic status.…

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…

Purpose: The purpose of this study was to identify an association between student mobility through open enrollment and voter support for school bond proposals. Specifically, we hypothesized that higher percentages of nonresident enrollment in a school district and resident exit from a district would be associated with lower levels of voter support…

In the Spring of 2017, the National Charter School Resource Center, (NCSRC), the Colorado League of Charter Schools (the League) and the National Alliance for Public Charter Schools (the Alliance) collaborated to collect data and information about charter school facilities and facilities expenditures in the state of Colorado. The data collection…

The decision-making processes used by superintendents in times of economic crises are well documented. Little is known about how they respond/plan in times of economic gains. The purpose of this study is to explore how superintendents respond and plan for the future amidst the changes brought about by oil and gas development of the Eagle Ford…

With a flourishing social enterprise ecosystem and an appetite among NGOs and policymakers for testing new solutions, India is playing a leading role in its use of innovative financing for development. One such innovative tool is an impact bond, which is a type of outcome-based financing structure where upfront capital is given to service…

California State University (CSU) is an engine of economic mobility for Californians, particularly those from historically underrepresented communities. The system's 23 campuses are also vital in helping the state meet labor market demands for highly educated workers. But despite annual funding increases, CSU has struggled to enroll all eligible…

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,…

The purpose of this study is to bring together recent innovations in the research literature around school district capital facility finance, municipal bond elections, statistical models of conditional time-varying outcomes, and data mining algorithms for automated text mining of election ballot proposals to examine the factors that influence the…

The American Recovery and Reinvestment Act of 2009 (ARRA) allocated $11 billion per year for 2009 and 2010 for qualified school construction bonds (QSCBs) for America's schools. From a historical perspective, this program is a broad transformation of the federal role in school facility funding. This study examined factors associated with federal…

Public investments in repairs, modernization, and construction of schools cost billions. However, little is known about the nature of school facility investments, whether it actually changes the physical condition of public schools, and the subsequent causal impacts on student achievement. We study the achievement effects of nearly 1,400 capital…

Evidence of confusion in intermediate accounting textbooks regarding the annual percentage rate (APR) and annual effective rate (AER) is presented. The APR and AER are briefly discussed in the context of a note payable and correct formulas for computing each is provided. Representative examples of the types of confusion that we found is presented…

Purpose: Across the United States, a large percentage of school districts are in need of facility improvements to provide safe and adequate buildings to facilitate student learning. To finance new construction, school districts traditionally have put proposals before local voters to fund construction through issuing long-term bonds to finance…