What is the difference between a bond and a levy?
A bond pays for capital projects — mainly new construction and remodeling on existing buildings, but also technology and infrastructure projects. The money from the last voter-approved bond, passed in February 2004, has funded the construction of two new elementary schools, a new junior high school, several replacement and remodeling projects as well as several technology projects. Two remodeling projects — Fruitland and Meeker Elementary schools — are complete and open to students this year. Two new elementary schools and a remodeled Kalles Junior High School are opening next September, while a new junior high and remodeled Aylen Junior High are set to open September 2008. By contrast, a levy provides money to help the district pay for day-to-day programs and operations. Levy funds help bridge the gap between state funding and the cost of current programs and pay for things like teachers, classroom materials, transportation, and extracurricular activities. Levy fees account for abo