A bond is similar to a home mortgage. It is a contract to repay borrowed money with interest over time. Bonds are sold by a school district to competing lenders to raise funds to pay for the costs of construction, renovations and equipment. Many school districts utilize bonds to finance renovations and new facilities.
How can bond funds be used?
Bond funds can be used to pay for new buildings, additions and renovations to existing facilities, land acquisition, technology infrastructure and equipment for new or existing buildings. Bonds cannot be used for salaries or operating costs such as utility bills, supplies, building maintenance, fuel and insurance.
How can I get more information regarding the bond issue?
Information will be available via this website and social media. Informational flyers and brochures will be prepared and will be shared throughout the district.
Is there tax on personal property?
Please refer to theInformation Guideprovided by the Nebraska Department of Revenue.
