Source: Education Week
A provision of the House and Senate tax bills could increase how much schools pay for long-term debt, and subsequently shrink resources for students and teachers. That’s the view of the Association of School Business Officials International, which represents officials who oversee budgets, capital costs, and maintenance in K-12 and in higher education. Their beef is that the bill would no longer allow districts to get a tax exemption for certain bonds that helps them pay off outstanding debt at lower interest rates.