No. of Recommendations: 0
So CNC brought up an issue that we've been considering: buying actual bonds. While we don't yet know exactly how anything is going to be structured, our school board voted on a negotiated bond offering in order to allow residents to participate. This will be a $37M, 20-year bond offering for the construction of two new schools and the substantial remodeling of 4 other buildings. The guestimate is that this construction should meet our needs for the next 20 years based on growth rates over the last 20 years. The construction company is local (with a strong regional portfolio), so a goodly portion of that $37M will stay in our valley. Current best guess is that the rate will be about 3.5%.

I have a decent understanding of how/where our schools spend their money; we have excellent support for our schools from the community; our administrators and trustees are, overall, pretty careful with money. Our schools pay their bills; during the recession they only had to really scrimp once--cutting pay by 4% for everyone in the last year before the state started increasing educational allotments again.

What else do you need to know about buying bonds?

Thanks.

Kathleen
Print the post  

Announcements

The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.