Many hold the view that it's best to avoid debt and live within one's financial means. How does the district justify taking on additional debt?
School districts operate under a different financial model than personal finances or small businesses, as we do not generate revenue through the sale of goods or services. Instead, our funding primarily comes from the state, based on student enrollment, in the form of our Operating Fund. Bond proposals are designed to finance capital projects, such as new buildings and expansions.
If the bond proposal is approved by the voters, the projects that would be paid for by the bonds would serve the community and be used for many decades. Financing those projects with bonds allows the cost to be spread over multiple "generations" of taxpayers, since multiple generations of students and the community would use the projects. Otherwise, the district's current taxpayers would be required to bear the financial burden all at once for projects that would be used for many decades.