Literaturnachweis - Detailanzeige
Autor/inn/en | Cowburn, Laura; Phillips, Kenneth A.; Unkovic, David |
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Titel | New Ways for School Districts to Issue Bonds under the Recovery Act |
Quelle | In: School Business Affairs, 76 (2010) 2, S.14-15 (2 Seiten)
PDF als Volltext (1); PDF als Volltext (2) |
Sprache | englisch |
Dokumenttyp | gedruckt; online; Zeitschriftenaufsatz |
ISSN | 0036-651X |
Schlagwörter | Taxes; Tax Credits; School Construction; Educational Finance; School Districts; Bond Issues; Financial Policy; Federal Aid; Federal Legislation; Change Strategies |
Abstract | The federal government has traditionally given local school districts an indirect subsidy by allowing them to issue tax-exempt bonds. Because the bondholders pay no tax on the interest income, they are willing to take a bond bearing interest at, say, 4.5% rather than 6%. Such lower interest is great for the school district because it saves the district the 1.5% difference in interest expense. On the other hand, it costs the federal government the tax revenue it would have received on 6% taxable income. This article describes two new ways for school districts to issue bonds under the American Recovery and Reinvestment Act of 2009. These two methods include: (1) a direct federal subsidy to school districts through Build America Bonds; and (2) another indirect subsidy using tax credits through Qualified School Construction Bonds. (ERIC). |
Anmerkungen | Association of School Business Officials International (ASBO). 11401 North Shore Drive, Reston, VA 20190. Tel: 866-682-2729; Fax: 703-478-0205; e-mail: asboreq@asbointl.org; Web site: http://www.asbointl.org |
Erfasst von | ERIC (Education Resources Information Center), Washington, DC |
Update | 2017/4/10 |