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For example, on the Nov. 5 ballot, Issaquah voters were asked to approve a $642.3 million School Modernization and Construction Bond. About 50.08% of voters approved the measure, short of the 60% ...
Qualified School Construction Bonds (QSCB) are a U.S. debt instrument created by Section 1521 of the American Recovery and Reinvestment Act of 2009.The Tax Cuts and Jobs Act of 2017 eliminated QSCB issuances as of January 1, 2018, rendering any unissued allocation void, although all previously issued QSCBs remain valid as long as they are not reissued. [1]
To stem crisis-level overcrowding, in 1998 the district's voters passed one of the largest school construction bond issues in the history of Ohio. The issue made way for the construction of four intermediate schools (fifth and sixth grade buildings), a middle school, an additional high school, and a technical career center, as well as ...
A stadium subsidy is a type of government subsidy given to professional sports franchises to help finance the construction or renovation of a sports venue. Stadium subsidies can come in the form of tax-free municipal bonds, cash payments, long-term tax exemptions, infrastructure improvements, and operating cost subsidies. Funding for stadium ...
Since municipal bonds come with tax benefits, it doesn’t make sense to hold them in tax-advantaged accounts such as an IRA. It’s best to hold municipal bonds in a taxable brokerage account.
Proposition 5 will lower the voter threshold required to pass local affordable housing and transportation bond measures.
Issuance of DASNY bonds for economic development projects began in 1998, with the Community Enhancement Facilities Assistance Program (CEFAP). Since then, approximately $1.9 billion has been spent on a number of relatively small projects, through more than ten different programs, among them the State and Municipal Facilities Program (SAM).
The vote on a public financing plan will include the sale of $75 million in bonds. If approved, city officials expect funding to be in place by the end of the year; the timeline for construction ...