How is a building referendum different from an education fund rate referendum?
A building referendum asks the residents of Fremont School District if they want to provide the money through their property taxes to pay the cost of constructing a new building by selling bonds. This tax money is put in a designated account each year and may only be used to pay off the bonds for the building. An education fund referendum asks the residents of Fremont School District if they want to provide money through their property taxes to pay for expenses in the district’s “education fund”. This fund is also a separate account and the money may only be used for what the state calls educational expenses. These expenses include all the salary and fringe benefits for teachers, teacher aides, special education, instructional support services, and administration, as well as costs for books, instructional supplies, and training.
