Private SchoolsLearn Benefits of Bond Issues
When the 109-year-old De La Salle Institute needed money recently to improve its aging facilities, the independent Roman Catholic high school turned to the Chicago city government for help.
Not for the cash itself, but to ask the city to issue $7 million in tax-exempt revenue bonds. The city's nod gave the school a lower interest rate than with a conventional loan, and allowed construction to start much sooner than if it had raised donations first.
Despite such benefits, the entree into the tax-exempt-bond market represents something of a revolution in thinking for private and religious schools...
This article is available to subscribers only.
To keep reading this article and more, subscribe now or purchase this article.
Already have an account? Please login.
Subscribe to Education Week and Save
Get a full year and save up to 45%!
Most Popular Stories
Viewed
Emailed
Recommended
Commented
- Chief Academic Officer
- Adams 14, Commerce City, CO
- Superintendent
- Pinellas County Schools, Pinellas County, FL
- Program Coordinator
- Institute for Educational Advancement, South Pasadena, CA
- Middle School Language Arts Teacher
- TEAM Schools, Newark, NJ
- Elementary School Teacher
- Success Academy Charter Schools, New York, NY
