2019 School Bond Referendum
Fairfax County voters will vote in November on the 2019 School Bond Referendum which presents future plans and Our Blueprint for Success.
A school bond referendum will be on the general election ballot Tuesday, November 5, 2019. Polls will be open from 6 a.m. to 7 p.m. Residents of Fairfax County may vote if they are 18 years of age or older on Election Day and have registered to vote 22 days prior to the election (on or before October 15, 2019). For more information about registering or voting, call 703-222-0776 or go online at www.fairfaxcounty.gov/eb.
View a list of school improvement projects included in the 2019 Bond Referendum.
What Is a Bond?
The sale of municipal bonds is a form of long-term borrowing that spreads the cost of major capital improvements over the years facilities are used. This method of financing ensures that current and future users help pay for the improvements.
Why Are Bonds Needed?
The building and renovation of schools are not financed through the school system’s operating funds, but through bonds. Similar to an individual or a family obtaining a mortgage on a residence to spread the cost of home buying over a number of years, bonds spread the cost of major capital improvements over a number of years.
If approved, these bonds will probably be sold to large investment banking syndicates that will have to competitively bid for them. Once bought, they are typically resold to financial institutions, which then sell them to investors.
Why a Referendum?
The law requires that voters approve bonds since they are a future obligation for taxpayers. As long as debt service costs do not increase significantly as a percentage of combined general fund disbursements, the county's bonded debt will not be a contributing factor to any increase in local taxes.
View additional information regarding the 2019 Bond Referendum.
School Board Votes to Request School Bond Referendum in NovemberThe Fairfax County School Board has approved a resolution to request that the Fairfax County Board of Supervisors place a school bond referendum for $360 million on the ballot for the November 2019 general election.
2019 Bond Referendum Booklet
On Tuesday, November 5, 2019, the voters of Fairfax County will vote on the $360 million school construction bond referendum. View the facts!