Building Foundations for the Future
A bond issue is essentially similar to a mortgage. It is a way for a government body to “borrow” money for major projects that cannot be paid for in more direct ways. Bond issues are how the CPSB has traditionally financed school construction, expansion, and renovation.
(Example for a $40M Bond Issue)
Taxes are collected over the next 20 years to pay off the principle and interest on the bonds.
If the total assessed values increase, the tax paid by each individual can actually decrease. The “tax rate” for property taxes is called a “millage” and it is charged on a percent of the assessed value of the property.
Calcasieu Parish Public Schools | 3310 Broad Street | Lake Charles, LA 70615 | Phone: 337-217-4000 | Fax: 337-217-4001
This agency does not discriminate on the basis of age, race, sex, religion, qualified handicap or disability.