A New Approach for Kick-Starting Stalled GO Bond Programs
Because of decreased assessed valuations and Prop 39 tax rate restrictions, many California school districts and community college districts have substantial GO bond authorizations that cannot be sold. These stalled GO bond programs can create significant challenges for K-14 districts including delays in building and modernization programs and criticism of fiscal mismanagement.
GO Reauthorization Bonds® avoid these problems by seeking voter approval to continue construction and remodeling projects without increasing the total amount of debt already approved by voters or using costly capital appreciation bonds. They have been widely used throughout the State with overwhelming voter support.