Bonds

About

We sell general obligation bonds as a way to pay for building, renovating or expanding facilities, like libraries, fire stations and parks.

Voters must approve them through a referendum, and by law, the bonds, if approved, may only be used for purpose stated in the ballot question.

Because we hold a triple-A rating, our bonds sell at relatively low interest ratessaving taxpayers hundreds of millions of dollars.

2019 Public School Bond Referendum

A $360 million school bond referendum will be on the Nov. 5, 2019, general election ballot.

Map of projects planned for 2019 public school bond funding.

If approved by voters, the Fairfax County Public Schools plan to sell bonds to pay for:

  • Planning and/or building two new elementary schools (locations to be determined)
  • Renovating 10 elementary schools and two middle schools
  • Building additions at three existing high schools
  • Relocating one modular building

While bond money is planned to build a new elementary school for the Fairfax/Oakton area, no location has been chosen for this future school.

The planned projects will increase the capacity of school buildings countywide by more than 4,400 students in the aggregate and are expected to reduce the number of temporary or portable classrooms by approximately 100.

View the projects that the schools plan to fund. Read the schools' information booklet for more details.

How Projects Were Selected

Every year, the schools work with the community to develop an update five-year capital improvement program. The School Board picked the proposed projects based on this program, along with other factors.

Background

The building and renovation of schools are not financed through the school system’s operating funds, but through bonds

On June 25, the Fairfax County Board of Supervisors approved the School Board’s request to put the referendum on the ballot.

Bond Explanation

Read more detailed explanations about what projects are planned to be funded if the public school bond referendum is approved.

Ballot Question

Read the public school bond question that will be on the general election ballot.

Bonds: Frequently Asked Questions

Get answers to frequently asked questions about bonds, including why the county uses bonds to pay for capital facilities, how the money may be used and the costs of borrowing. 

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