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Fairfax County Public Schools (FCPS)
Reply to "School bonds on November ballot"
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[quote=Anonymous]To those who say that our bonds are bloated, remember that Fairfax County is one of only a couple dozen localities in the country with a AAA bond rating from all three agencies. Just about all local governments use bonds to finance key capital projects like schools. That's the best source of revenue for those kinds of long-term projects without raising taxes. [b] Fairfax County's interest rate on bonds is exceptionally low compared to other localities. [/b] Bond debt payments (both principal and interest) is only 10% of the general fund. [/quote]
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