Economics, Econometrics and Finance
4 years ago

Texas school bonds: Higher costs, fewer benefits than expected.

2 views
Public Budgeting &amp Finance
Capital Financing of Schools: A Comparison of Lease Purchase Revenue Bonds and General Obligation Bonds
Sahma Gamkhar, Mona Koerner

Paper Summary

School construction in Texas is a hot topic, with a focus on comparing lease purchase revenue (LPR) bonds and general obligation (GO) bonds for financing. LPR bonds usually cost more in interest and don't offer advantages in avoiding state restrictions. However, LPR bonds have less strict voter approval and bond election requirements compared to GO bonds.

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