Capital Bond and Levy Overview
Public schools are funded by state and federal dollars, grants and local voter-approved levies and bonds.
Although school districts are funded through state, local and federal dollars, the state provides limited funding for major school construction projects. Everett Public Schools relies on local, voter-approved bonds to pay for construction, maintenance and renovations to schools and classrooms.
- Bonds allow school districts to collect money up front for major construction projects, and the debt is paid off over 10-20 years.
- Once approved by voters, bonds are sold to investors to provide funds for school construction and capital facility improvement projects.
- The construction projects are competitively bid out, which provides tax payers the best value. The work results in jobs right here in our community.
Voter-approved capital levies help pay for technology, major construction projects and building system upgrades.