Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What are the consequences if the bond fails?

Bond consequences fails
0
Posted

What are the consequences if the bond fails?

0

It will only cost more to make these repairs and renovate our schools at a later date. If Proposition S fails and construction is delayed 2 years until a new bond can be put on the ballot, the projected increase in costs (assuming construction inflation of 6% annually) will exceed $250 million. In addition, if the bond fails, the schools will lose a chance to obtain state matching funds.

Related Questions

Thanksgiving questions

*Sadly, we had to bring back ads too. Hopefully more targeted.