An annual school bond survey for New Jersey reveals that while the state's voters had approved 60 percent of the school bond issues in 1998, the communities clearly could not meet the state's multi- billion dollar construction needs on their own. Further, communities with high property taxes had fewer bond elections and approved less of them than communities with lower property tax burdens, and property tax rates was the influential factor independent of the size of the bond issue. Proposals to help stimulate the number of bond elections and approvals across the state include initiating property tax reform; state financing of school construction programs; and educational impact fees, i.e., allowing municipalities to charge developers fees to cover the costs of school improvements made necessary by new residential construction. Statistical results of the New Jersey School Boards Association Annual Bond Referenda Survey for 1998 are provided. (GR)