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Carey, Kelley D. – American School Board Journal, 2000
Pay-as-you-go funding (via local option sales taxes or earmarked property taxes) is superior to floating expensive bond issues to resolve school construction crises. Districts can plan projects more thoughtfully, focus on project priorities, avoid arbitrage problems and high insurance costs, and address socioeconomic considerations more equitably.…
Descriptors: Construction Costs, Educational Finance, Educational Planning, Elementary Secondary Education