Comment by mikeyouse
What you’re describing is the completely normal way of funding capital projects… they presumably need to fund the improvements at once (the roofing contractors aren’t going to be paid over the next 15 years) and tax payers won’t want a huge spike in taxes so the district will sell bonds with a ~15 year horizon, taxpayers can have slightly higher taxes for 15 years, and the funds are available for improvements on day one.
You seem to be under the impression that the school district has enough extra funding that they could just put tens of millions of dollars aside and complete the improvements as they come up, but can you imagine the shrieking that would erupt if they had a school board meeting and disclosed a capital improvement fund with millions of dollars in it? People would demand that their taxes be lowered post haste since it’s clear the schools don’t need all the money they’re being given.
Something like a new roof is an expense known literally years in advance. You know when something will be due for repair or replacement due to reaching the end of design and/or useful life. The proper way to handle that kind of expense is to set aside some money every year in the budget toward an earmarked fund until you have enough when time comes to buy a new roof.
So no, I (and clearly most of the voters) heartily rejected the new tax proposal. Fiscal discipline before any more or new taxes.
Also: There is no reasonable, commonly understandable way a new roof costs several million dollars. Forget where the money could come from, the demand itself is questionable. As a taxpayer I want to see the school's entire fiscal records, including data that might not be public, if they want that kind of money for what should be a regular maintenance job.