Nationwide, school districts have used bonds in different ways to support schools. In Florida’s Pinellas school district, a borrowing plan has helped offset the cost of $94.5 million for building renovations.
That allowed construction to be completed faster, since the district was required to spend bond profits within three years. In that case,borrowing money was meant as a workaround for the district, in place of having to allocate money from annual budgets.
