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ERIC Number: ED165277
Record Type: Non-Journal
Publication Date: 1978
Pages: 28
Abstractor: N/A
Reference Count: N/A
Bond Sales for Public School Purposes 1975-76. Elementary and Secondary Education.
Barr, Richard H.
This report provides data on 1976 bond elections and bond sales for financing public elementary and secondary school facilities and equipment. The annual report is intended for educators, school boards, legislators, and educational researchers who require up-to-date knowledge of school bond sales for planning future school bond programs. Data, summarized by state, are presented in tables and charts containing information on the number and dollar value of bond issues voted on and passed and the number, dollar value, and net interest of bonds sold. The study revealed several general findings about bond sales nationally. Bond elections reached new lows in fiscal year 1976; only 770 issues were voted on and only 391 were approved. The dollar value ($970) of bond issues approved was the lowest recorded since the study began in 1958. Bond sales for fiscal year 1976 increased slightly over fiscal year 1975. The average net interest cost for fiscal year 1976 was 6.25 percent, down slightly from the previous year. The monthly average net interest cost reached a new high of 7.1 percent for September 1975. (Author/JM)
Superintendent of Documents, U.S. Government Printing Office, Washington, D.C. 20402 (Stock No. 017-080-01845-4; $1.30)
Publication Type: Reports - Research
Education Level: N/A
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: National Center for Education Statistics (DHEW), Washington, DC.