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Financing Facilities
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Authored By: John Augenblick and Justin Silverstein, Date Published: 6/15/2007, Product#: 37649 Construction costs eat up a sizable portion of school budgets. In 1997-98, the nation's school districts spent $36 billion for capital outlay and debt service to build new schools, to undertake major renovation projects, and to construct ancillary facilities. Considering how much money is at stake, it's not surprising that everyone from teachers to taxpayers and from school personnel to state legislators has an interest in who pays—and how much is paid—for school construction. |
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