Alameda County Taxpayers' Association

Alameda County Taxpayers' AssociationAlameda County Taxpayers' AssociationAlameda County Taxpayers' Association

Alameda County Taxpayers' Association

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Bonds

Bond Information

A “school bond” is a loan from a bank to a school district that must be

repaid with interest and other charges. The bond loan is guaranteed to

be repaid by a tax imposed on all the homes and properties in the

school district. Typically, a bond debt for $200 Million will cost the

homeowners $400 Million in taxes to pay off over the 30 or 40 years

of the loan duration.


In other words, the bond that voters approve will finally be paid off by

the grandchildren.

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