What’s the difference between a bond and a parcel tax?

Answer

Bonds and parcel taxes are two ways to raise money for our schools.

Bonds like this one are used to pay for facilities projects. This bond will fund new, seismically-safe buildings at Lower Laurel, electric HVAC in all classrooms, building access control and emergency systems, and rehab of buildings more than 20 years old. Bond taxes are based on the assessed value of your home. This bond will cost about $19 per $100,000 of assessed value. Bonds are overseen by a Citizens’ Oversight Committee. No bond funds may be used for administrator salaries.

Parcel taxes are used to pay for expenses like teacher and administrator salaries. They are a flat tax for each parcel of land, not based on assessed home value

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