Decreased assessed valuations and Prop 39 tax rate restrictions have resulted in many California school districts and community college districts having 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^® help 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.

Successful GO Reauthorization Bond Elections