School & Bond Finances
School Finance is complex. Throughout the past couple of years of discussion around facility planning, bond finances, tax rates, and budgeting, we've received many questions on how all of these elements function together and why the district would consider bond proposals as a means to pay for facility improvements.
Below are a series of videos that break down school finance and all the considerations of the district about bond proposals.
Part 1: How are Schools Funded?
In this video, follow along as we explain:
- How schools are funded
- SJPS' General Fund budget summary
- Day-to-day school district expenditures
- Where general funds fall short
Part 2: Where Do My Taxes Go and How Does My Community Compare to Others?
This video gives a deeper explanation of:
- Defining a 'mill'
- Debt millage rate as it relates to a potential 2025 bond proposal
- Comparison of neighboring districts’ millage rates
- Savings from refunding previous bonds
Part 3: How Can Bond Funds Help and What Can They Be Used For?
How do bond funds play into all of this? Watch as we share:
- Challenges and gaps associated with general funds
- Explanation of bonds
- Allowable expenses of bond funds
- Why did SJPS pursue a bond last year and why would they consider trying again?
- Addressing continued facilities issues and ensuring schools remain quality environments for students, staff, and community.
