What is a levy and how is it different from a bond?
A levy is a request by a school district of voters to continue property taxes for a limited number of years to fund district operations costs. Local levies bridge the gap between state funding and what it actually costs to operate schools.
Whereas levies pay for enhanced staffing for special programs and lower class sizes; underfunded and unfunded programs; facility maintenance; and needed supplies, bonds pay for the construction of buildings.
An easy way to remember the difference is the phrase: "Levies are for Learning, Bonds are for Building."
Our local Educational Service District 112 produced this video to help further illustrate the difference between levies and bonds: