Debt Isn't a Dirty Word: Why It's Essential for Strong Schools
"The tax which will be paid for the purpose of education is not more than the thousandth part of what will be paid to kings and nobles who will rise up among us if we leave the people in ignorance." — Thomas Jefferson. In everyday life, "debt" carries a negative connotation - something to fear, avoid, or eliminate entirely. A person or family certainly should not depend on it. Which is a mindset that makes perfect sense. However, in the world of public school finance, debt is not only appropriate, it is necessary. The personal finance mindset does not translate to public schools. Without debt, most schools simply could not operate the way communities expect them to. Think about what we ask our schools to provide: Safe buildings Modern classrooms Secure entrances Functioning HVAC systems Up to date technology State of the art Career and Technical Ed programs Transportation Any facility that supports anything from acad...