10/01/17: “Better Than Bake Sale Funding for Capital Projects” article by BAISCA’s Andrew LaRowe and Mike Raible of The School Solutions Group in the October 2017 issue of School Planning and Management Magazine.
You’ve just finished calculations and priorities for your school district’s desperately needed projects. You have estimated the total project costs, and adjusted for the timeframe and inflation. You have even added a contingency percentage for unanticipated costs. But now is the really hard part — time to find the funding for the project.
Traditional Methods of Funding
If your approach to funding is traditional, you know there are the usual suspects, the three methods for funding capital projects: general obligation bonds, certificates of participation and pay-as-you-go.