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What is the difference between a bond and a levy?

6 Jan

Sometimes the difference between a school bond and a school levy can be confusing.
Watch this short video from NWESD to learn more and to discover an easy way to remember the difference between bonds and levies.

 

Levies are for Learning. 

Levies make up the difference between funding from the state and federal government and the actual cost of operating a school district. Levies pay for teaching materials and equipment, bus transportation, building improvements, such as carpet replacement and interior painting, and vocational, athletic, drama, special education, and gifted programs. Levy funds are typically collected over a two to four-year time period and must be renewed (similar to a magazine subscription).

Bonds are for Building. 

Funds from bonds can only be used for construction or renovation of buildings, major repairs, and land purchases; they cannot be used for basic education. Bond funds are generally collected over a 15 to 20-year period (similar to a home mortgage).

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What is the difference between a bond and a levy?

6 Jan

Sometimes the difference between a school bond and a school levy can be confusing.
Watch this short video from NWESD to learn more and to discover an easy way to remember the difference between bonds and levies.

 

Levies are for Learning. 

Levies make up the difference between funding from the state and federal government and the actual cost of operating a school district. Levies pay for teaching materials and equipment, bus transportation, building improvements, such as carpet replacement and interior painting, and vocational, athletic, drama, special education, and gifted programs. Levy funds are typically collected over a two to four-year time period and must be renewed (similar to a magazine subscription).

Bonds are for Building. 

Funds from bonds can only be used for construction or renovation of buildings, major repairs, and land purchases; they cannot be used for basic education. Bond funds are generally collected over a 15 to 20-year period (similar to a home mortgage).

Comments are closed

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