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…

Methodology: There is no national source of data or information on the federal role in funding and oversight for public PK-12 school facilities. To address this shortcoming, 21st Century School Fund has prepared this study with the support of the National Clearinghouse for Educational Facilities. In collecting data and information for this report,…

Describes local, state, and federal school infrastructure funding options. Local funding options include bond issues, special local-option sales taxes, and voter-approved mills and sinking funds. Describes use of federal Qualified Zone Academy Bonds. (PKP)

The combination of defeated bond issues and rising building costs is contributing to a decline in both the construction of new school buildings and the remodeling of existing buildings. For the first time in many years, debt service and capital outlay expenditures actually declined on a per pupil basis. No change in either voter preferences or…