Bond Elections

Bond elections are a way for local governments or school districts to raise money for specific projects, like building schools or repairing roads. They issue bonds, which are essentially loans that the government promises to pay back with interest over time. Voters must approve these bond measures in elections, deciding whether to allow the government to borrow money for these improvements. If approved, the government uses the funds for the designated projects, and property taxes may be adjusted to cover the repayment. This process allows communities to invest in infrastructure and public services.