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.

Public School Bond on the Ballot

On Nov. 2, 2021, Fairfax County voters approved a $360 million public school bond question that was on the general election ballot.

The Fairfax County Public Schools planned to use bond money for the following projects:

  • Planning or designing renovations for seven elementary schools:
    • Armstrong
    • Bren Mar Park
    • Brookfield
    • Dranesville
    • Herndon
    • Lees Corner
    • Willow Springs
  • Renovations at Centreville High School.
  • Renovations at five elementary schools:
    • Bonnie Brae
    • Crossfield
    • Louise Archer
    • Mosaic (formerly Mosby Woods)
    • Wakefield Forest
  • Renovations at Falls Church High School.
  • Acquiring land for a future Western High School

Map of 2021 school bond projects

 

Bond Explanations

Read an explanation about how the Public Schools planned to use the bond money if approved by voters. It is available in English, Spanish, Korean and Vietnamese.

Ballot Question

Read the Nov. 2, 2021 ballot question for the public school bond.

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. 

Fairfax Virtual Assistant