One distinction between the markets for corporate and municipal bonds involves institutional constraints that apply to some municipal bond issues. This research focuses on how public finance institutions, in particular explicit debt limits and referenda requirements, affect the borrowing cost of individual school district bond issues. The…

The success of Proposition 13 in California gave impetus to similar tax limitation efforts in other states. Information included in this booklet is intended to help local, state, and federal education finance policy-makers wrestling with this issue. The first section summarizes efforts in each state to limit taxation and expenditure both by…

This book is about successful bond issues and levy campaigns. While no one campaign blueprint works everywhere, there are certain definite components to almost every successful school finance election. These components are the product of a carefully planned political process. Successful campaigns are based on some givens that must be in evidence…