GENERAL BOND INFORMATION

A school bond is a general obligation bond, which is a property tax applied to the assessed value (AV) of all properties within the school district boundaries. Bonds are used by a public school district to finance school facility construction or other capital improvement projects. A bond rate is a tax rate expressed in dollars per $1,000 of Assessed Value (AV).

School districts must seek voter approval for authorization to issue general obligation bonds. Measures are placed on the ballot along with information about the specific projects that would be completed by the district, if approved by the voting public.

The State of Oregon does not provide funding to school districts for school construction, building improvements, or preservation of facilities. School districts in Oregon typically use general obligation bonds to finance major capital expenses.

By law, bond funds must be used for the specific purposes outlined in the measure. An independent Bond Oversight Committee would focus on transparency and accountability. The district will also conduct regular audits to track spending and project progress.